Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,348 shares of the company's stock after selling 1,735 shares during the period. Greenleaf Trust's holdings in Procter & Gamble were worth $18,124,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Silverlake Wealth Management LLC lifted its stake in Procter & Gamble by 1.0% in the 1st quarter. Silverlake Wealth Management LLC now owns 36,904 shares of the company's stock valued at $6,289,000 after purchasing an additional 378 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Procter & Gamble by 1.3% in the 1st quarter. Personal CFO Solutions LLC now owns 7,899 shares of the company's stock worth $1,346,000 after acquiring an additional 101 shares during the last quarter. Partners in Financial Planning grew its position in shares of Procter & Gamble by 15.2% during the 1st quarter. Partners in Financial Planning now owns 4,017 shares of the company's stock valued at $684,000 after acquiring an additional 530 shares during the period. BXM Wealth LLC lifted its stake in Procter & Gamble by 6.7% in the 1st quarter. BXM Wealth LLC now owns 5,377 shares of the company's stock worth $913,000 after purchasing an additional 339 shares in the last quarter. Finally, Ridgeline Wealth Planning LLC raised its position in shares of Procter & Gamble by 3.8% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 3,597 shares of the company's stock valued at $613,000 after buying an additional 132 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PG shares. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Redburn Atlantic cut 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 note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% 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 Price Performance

Shares of PG traded down $1.54 during mid-day trading on Friday, hitting $156.95. The company's stock had a trading volume of 8,051,886 shares, compared to its average volume of 7,589,094. The firm has a 50-day moving average price of $161.84 and a 200 day moving average price of $165.03. Procter & Gamble Company has a fifty-two week low of $155.95 and a fifty-two week high of $180.43. The stock has a market capitalization of $367.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

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

Procter & Gamble Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is currently 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.