Jessup Wealth Management Inc Decreases Stake in Procter & Gamble Company (The) (NYSE:PG)

Jessup Wealth Management Inc trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,511 shares of the company's stock after selling 7,049 shares during the period. Procter & Gamble makes up about 2.3% of Jessup Wealth Management Inc's investment portfolio, making the stock its 17th largest holding. Jessup Wealth Management Inc's holdings in Procter & Gamble were worth $5,541,000 at the end of the most recent quarter.

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

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.37 during trading hours on Monday, hitting $160.46. The company's stock had a trading volume of 7,151,619 shares, compared to its average volume of 7,493,214. The business has a 50 day moving average price of $162.10 and a two-hundred day moving average price of $165.25. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a market cap of $376.20 billion, a PE ratio of 25.47, a PEG ratio of 4.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

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

Procter & Gamble Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PG shares. Truist Financial dropped 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. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. Eight 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.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $178.45.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business'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 completion of the sale, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% 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 insiders.

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.