Fluent Financial LLC Sells 9,912 Shares of The Procter & Gamble Company (NYSE:PG)

Fluent Financial LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 36.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,117 shares of the company's stock after selling 9,912 shares during the period. Procter & Gamble makes up about 1.3% of Fluent Financial LLC's holdings, making the stock its 22nd largest holding. Fluent Financial LLC's holdings in Procter & Gamble were worth $2,917,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. GAMMA Investing LLC raised its holdings in shares of Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after buying an additional 2,846,560 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Piper Sandler raised their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $178.86.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

PG stock traded up $1.21 on Friday, hitting $164.01. The company's stock had a trading volume of 5,692,762 shares, compared to its average volume of 7,335,112. The stock has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a 50 day moving average of $164.01 and a two-hundred day moving average of $167.21.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. Procter & Gamble's dividend payout ratio is 66.98%.

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.