Federated Hermes Inc. Sells 9,048 Shares of Procter & Gamble Company (The) (NYSE:PG)

Federated Hermes Inc. lowered its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,639 shares of the company's stock after selling 9,048 shares during the period. Federated Hermes Inc.'s holdings in Procter & Gamble were worth $78,673,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in Procter & Gamble by 4.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 36,453 shares of the company's stock valued at $6,111,000 after purchasing an additional 1,581 shares in the last quarter. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Procter & Gamble by 27.1% in the fourth quarter. National Bank of Canada FI now owns 1,971,666 shares of the company's stock valued at $330,523,000 after purchasing an additional 420,620 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PG. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

PG traded up $0.18 during midday trading on Friday, reaching $150.65. The company had a trading volume of 8,593,060 shares, compared to its average volume of 8,268,750. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70. The stock has a market cap of $353.20 billion, a PE ratio of 23.14, a P/E/G ratio of 4.27 and a beta of 0.40. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The business has a 50-day moving average price of $160.13 and a two-hundred day moving average price of $164.05.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.