The Procter & Gamble Company (NYSE:PG) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 69.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,118 shares of the company's stock after selling 4,885 shares during the quarter. Milestone Asset Management LLC's holdings in Procter & Gamble were worth $361,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the period. Navigoe LLC acquired 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 Procter & Gamble in the fourth quarter valued at approximately $31,000. Hoey Investments Inc. increased its position in Procter & Gamble by 321.7% during 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. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.7%

Shares of NYSE:PG traded up $1.21 during trading on Friday, hitting $164.01. The company's stock had a trading volume of 5,692,762 shares, compared to its average volume of 7,323,998. The company has a market capitalization of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock's 50-day moving average price is $164.01 and its two-hundred day moving average price is $167.27.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period in the prior year, the company posted $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PG. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Piper Sandler boosted their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Truist Financial cut their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday. Finally, Royal Bank of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble 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.