Investor s Fiduciary Advisor Network LLC Sells 6,636 Shares of Procter & Gamble Company (The) (NYSE:PG)

Investor s Fiduciary Advisor Network LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 83.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,345 shares of the company's stock after selling 6,636 shares during the quarter. Investor s Fiduciary Advisor Network LLC's holdings in Procter & Gamble were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PG. Navigoe LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth about $31,000. Hoey Investments Inc. raised its position in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. Finally, 10Elms LLP bought a new position in Procter & Gamble in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

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

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.37 during trading on Monday, reaching $160.46. 7,151,619 shares of the stock traded hands, compared to its average volume of 7,493,214. The company has a 50-day moving average of $162.10 and a 200-day moving average of $165.25. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The stock has a market capitalization of $376.20 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 4.58 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 quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the company posted $1.52 EPS. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is presently 67.14%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PG shares. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Raymond James Financial lowered their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler upped their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

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.