Global Trust Asset Management LLC Has $1.64 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Global Trust Asset Management LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,624 shares of the company's stock after selling 3,260 shares during the period. Procter & Gamble makes up approximately 1.0% of Global Trust Asset Management LLC's holdings, making the stock its 21st largest position. Global Trust Asset Management LLC's holdings in Procter & Gamble were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $50,049,000. Bank Pictet & Cie Europe AG raised its stake in shares of 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 purchasing an additional 284,174 shares in the last quarter. Congress Asset Management Co. lifted its position in Procter & Gamble by 6.7% in the fourth quarter. Congress Asset Management Co. now owns 43,601 shares of the company's stock worth $7,310,000 after purchasing an additional 2,737 shares during the period. Finally, Principal Securities Inc. boosted its stake in Procter & Gamble by 14.1% during the fourth quarter. Principal Securities Inc. now owns 32,664 shares of the company's stock worth $5,476,000 after buying an additional 4,037 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Buying and Selling

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

Procter & Gamble Price Performance

NYSE PG traded up $0.91 on Friday, hitting $158.93. 15,736,668 shares of the company were exchanged, compared to its average volume of 7,420,913. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $372.62 billion, a P/E ratio of 25.23, a P/E/G ratio of 4.66 and a beta of 0.43. 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 $163.51 and a two-hundred day moving average of $166.25.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 67.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

About Procter & Gamble

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.