Krilogy Financial LLC Has $2.50 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Krilogy Financial LLC trimmed its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 14,652 shares of the company's stock after selling 1,943 shares during the period. Krilogy Financial LLC's holdings in Procter & Gamble were worth $2,497,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Procter & Gamble in the 4th quarter worth $50,049,000. Van ECK Associates Corp boosted its position in shares of Procter & Gamble by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 466,497 shares of the company's stock worth $78,208,000 after purchasing an additional 44,163 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Procter & Gamble by 11.1% in the 4th quarter. Stanley Laman Group Ltd. now owns 4,604 shares of the company's stock worth $772,000 after purchasing an additional 461 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Procter & Gamble in the 4th quarter worth $15,964,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial dropped their price objective 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. Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Citigroup dropped their price objective 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. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Stock Down 1.9%

Shares of NYSE:PG traded down $3.12 during midday trading on Friday, reaching $160.06. The company had a trading volume of 7,093,816 shares, compared to its average volume of 7,381,974. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $163.75 and its 200 day moving average price is $166.73. The stock has a market cap of $375.27 billion, a PE ratio of 25.49, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. Research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 66.98%.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was 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.