Nichols & Pratt Advisers LLP MA Sells 8,500 Shares of Procter & Gamble Company (The) (NYSE:PG)

Nichols & Pratt Advisers LLP MA decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,231 shares of the company's stock after selling 8,500 shares during the period. Procter & Gamble makes up about 4.3% of Nichols & Pratt Advisers LLP MA's portfolio, making the stock its 8th biggest holding. Nichols & Pratt Advisers LLP MA's holdings in Procter & Gamble were worth $63,440,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC grew its position in Procter & Gamble by 933.3% during the fourth 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 during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Hoey Investments Inc. raised its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter worth about $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PG. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. Piper Sandler boosted 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. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Procter & Gamble Stock Down 0.3%

NYSE:PG traded down $0.48 during midday trading on Friday, reaching $160.72. The company had a trading volume of 6,999,589 shares, compared to its average volume of 7,490,519. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The firm has a market capitalization of $376.82 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $162.10 and its 200-day simple moving average is $165.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company 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 is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble's dividend payout ratio is 67.14%.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were 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 owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

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.