Neville Rodie & Shaw Inc. Sells 3,050 Shares of The Procter & Gamble Company (NYSE:PG)

Neville Rodie & Shaw Inc. trimmed its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,584 shares of the company's stock after selling 3,050 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Procter & Gamble were worth $12,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PG. Lakeridge Wealth Management LLC raised its stake in Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after buying an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC raised its stake in Procter & Gamble by 3.2% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after buying an additional 62 shares during the last quarter. Kolinsky Wealth Management LLC raised its stake in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after buying an additional 64 shares during the last quarter. Retirement Planning Group LLC raised its stake in Procter & Gamble by 1.4% during the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after buying an additional 64 shares during the last quarter. Finally, Tevis Investment Management raised its stake in Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after buying an additional 65 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Citigroup reduced their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Insider Buying and Selling at Procter & Gamble

In related news, 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 completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded down $3.35 during midday trading on Monday, hitting $166.54. 2,705,856 shares of the company traded hands, compared to its average volume of 7,290,856. The firm has a 50 day moving average of $164.35 and a 200-day moving average of $167.40. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The stock has a market cap of $390.47 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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 net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business's revenue was down 2.1% on a year-over-year basis. On average, 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 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 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 66.98%.

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.