Procter & Gamble Company (The) (NYSE:PG) Holdings Boosted by OLD Republic International Corp

OLD Republic International Corp lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 510,800 shares of the company's stock after purchasing an additional 2,000 shares during the period. Procter & Gamble accounts for approximately 3.4% of OLD Republic International Corp's portfolio, making the stock its largest position. OLD Republic International Corp's holdings in Procter & Gamble were worth $87,051,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PG. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter worth about $31,000. Hoey Investments Inc. raised its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the fourth quarter worth about $34,000. Finally, 10Elms LLP bought a new position in Procter & Gamble in the fourth quarter worth about $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's 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 directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. 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 insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PG shares. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Citigroup lowered their target price 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. Raymond James Financial lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Procter & Gamble Stock Performance

PG stock traded down $1.41 on Wednesday, hitting $156.48. The company had a trading volume of 6,500,359 shares, compared to its average volume of 7,518,018. Procter & Gamble Company has a 12-month low of $156.29 and a 12-month high of $180.43. 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 50-day simple moving average is $161.98 and its 200 day simple moving average is $165.15. The stock has a market cap of $366.87 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 4.57 and a beta of 0.40.

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 the consensus estimate 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 posted $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.70%. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

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.