IFG Advisory LLC Cuts Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• IFG Advisory LLC has reduced its holdings in Procter & Gamble by 9.1%, selling 1,865 shares during the first quarter, with remaining shares valued at approximately $3.18 million.
• Procter & Gamble reported earnings per share of $1.48 for the last quarter, surpassing estimates, alongside a revenue increase of 1.7% year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.8% for investors.

IFG Advisory LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,665 shares of the company's stock after selling 1,865 shares during the quarter. IFG Advisory LLC's holdings in Procter & Gamble were worth $3,181,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Mizuho Securities Co. Ltd. increased its position in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.3%

NYSE:PG traded up $0.42 on Tuesday, reaching $151.18. The company's stock had a trading volume of 786,548 shares, compared to its average volume of 8,211,839. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. The firm has a market cap of $354.45 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 3.98 and a beta of 0.37. The stock has a 50 day moving average price of $159.52 and a 200 day moving average price of $163.97.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its 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. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given 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 2.8%. Procter & Gamble's payout ratio is currently 64.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Truist Financial lowered their price target 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. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble 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.