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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in PG. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $34,000. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

PG has been the subject of several analyst reports. Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research report on Thursday, May 1st. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Eight investment 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 data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.94 during trading hours on Thursday, reaching $158.46. The stock had a trading volume of 7,182,411 shares, compared to its average volume of 7,577,005. Procter & Gamble Company has a 12-month low of $155.95 and a 12-month high of $180.43. The stock has a 50 day simple moving average of $161.87 and a 200 day simple moving average of $165.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock has a market cap of $371.52 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 4.49 and a beta of 0.40.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 owned 25,182 shares of the company's stock, valued at approximately $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 company insiders.

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.