Mirador Capital Partners LP Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Mirador Capital Partners LP grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 32.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,921 shares of the company's stock after purchasing an additional 1,942 shares during the quarter. Mirador Capital Partners LP's holdings in Procter & Gamble were worth $1,350,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Procter & Gamble by 0.9% during the first quarter. Rhumbline Advisers now owns 4,071,230 shares of the company's stock worth $693,819,000 after acquiring an additional 37,937 shares during the last quarter. Taylor Financial Group Inc. grew its position in Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock worth $493,000 after buying an additional 277 shares in the last quarter. Allied Investment Advisors LLC increased its stake in Procter & Gamble by 6.0% during the 1st quarter. Allied Investment Advisors LLC now owns 65,898 shares of the company's stock worth $11,230,000 after acquiring an additional 3,749 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 19.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 44,211 shares of the company's stock valued at $7,535,000 after acquiring an additional 7,120 shares during the period. Finally, Peoples Bank KS increased its position in shares of Procter & Gamble by 0.8% in the first quarter. Peoples Bank KS now owns 10,417 shares of the company's stock worth $1,775,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Evercore ISI upped their price objective on Procter & Gamble from $170.00 to $190.00 and gave the stock an "outperform" rating in a research report on Tuesday. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Raymond James lowered their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Truist Financial decreased their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on 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 completion of the transaction, the insider now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was 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 corporate insiders.

Procter & Gamble Trading Down 0.5%

Shares of Procter & Gamble stock traded down $0.86 on Tuesday, reaching $166.92. 6,222,978 shares of the company's stock were exchanged, compared to its average volume of 7,305,402. 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 Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The firm's 50-day moving average is $164.37 and its two-hundred day moving average is $167.39. The company has a market capitalization of $391.35 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company 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 represents a $4.23 dividend on an annualized basis and a yield of 2.53%. 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 currently 66.98%.

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.