Procter & Gamble Company (The) (NYSE:PG) Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp reduced its stake in Procter & Gamble by 1.3%, selling 16,688 shares, and now holds approximately 1.22 million shares worth $208.25 million.
• Procter & Gamble reported earnings per share of $1.48, exceeding analysts' expectations, and a 1.7% year-over-year revenue increase to $20.89 billion for the last quarter.
• The company has declared a quarterly dividend of $1.0568 per share, resulting in an annual yield of 2.8% with a payout ratio of 64.98%.

King Luther Capital Management Corp lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,221,985 shares of the company's stock after selling 16,688 shares during the quarter. King Luther Capital Management Corp owned about 0.05% of Procter & Gamble worth $208,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Unique Wealth LLC increased its stake in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC grew its stake in Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after acquiring an additional 61 shares during the period. Bernard Wealth Management Corp. grew its stake in Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after acquiring an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its stake in Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC grew its stake in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.0%

Shares of NYSE:PG traded up $1.52 during midday trading on Monday, hitting $155.03. 7,327,441 shares of the company's stock traded hands, compared to its average volume of 7,956,396. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market cap of $363.13 billion, a PE ratio of 23.81, a P/E/G ratio of 4.05 and a beta of 0.37. The firm's fifty day moving average price is $158.01 and its two-hundred day moving average price is $163.60. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The business's quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

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.