Generali Investments CEE investicni spolecnost a.s. Trims Stake in Procter & Gamble Company (The) (NYSE:PG)

Generali Investments CEE investicni spolecnost a.s. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,351 shares of the company's stock after selling 2,359 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Procter & Gamble were worth $5,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Thornton Wealth Management LLC boosted its holdings in Procter & Gamble by 102.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 3,724 shares of the company's stock valued at $635,000 after purchasing an additional 1,889 shares in the last quarter. Eukles Asset Management boosted its stake in Procter & Gamble by 1.3% in the 1st quarter. Eukles Asset Management now owns 9,544 shares of the company's stock valued at $1,626,000 after buying an additional 119 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after acquiring an additional 4,562 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in Procter & Gamble by 2.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 32,850 shares of the company's stock worth $5,598,000 after acquiring an additional 773 shares in the last quarter. Finally, Tilson Financial Group Inc. bought a new position in shares of Procter & Gamble during the first quarter valued at $249,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG traded down $2.65 on Tuesday, hitting $157.85. The stock had a trading volume of 11,953,583 shares, compared to its average volume of 7,521,072. The business's 50-day simple moving average is $161.98 and its two-hundred day simple moving average is $165.15. The stock has a market cap of $370.09 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.57 and a beta of 0.40. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the prior year, the firm posted $1.52 EPS. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.68%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

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.