Park Edge Advisors LLC Sells 5,259 Shares of The Procter & Gamble Company (NYSE:PG)

Park Edge Advisors LLC lowered its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 28.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,231 shares of the company's stock after selling 5,259 shares during the period. Procter & Gamble makes up 0.6% of Park Edge Advisors LLC's holdings, making the stock its 25th biggest holding. Park Edge Advisors LLC's holdings in Procter & Gamble were worth $2,255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chronos Wealth Management LLC increased its position in Procter & Gamble by 0.5% in the 1st quarter. Chronos Wealth Management LLC now owns 34,835 shares of the company's stock valued at $5,937,000 after acquiring an additional 184 shares during the period. Long Run Wealth Advisors LLC increased its holdings in Procter & Gamble by 1.6% in the first quarter. Long Run Wealth Advisors LLC now owns 4,536 shares of the company's stock valued at $773,000 after purchasing an additional 70 shares during the period. Financial Management Professionals Inc. increased its holdings in Procter & Gamble by 3.6% in the first quarter. Financial Management Professionals Inc. now owns 4,337 shares of the company's stock valued at $739,000 after purchasing an additional 150 shares during the period. Benin Management CORP raised its position in Procter & Gamble by 0.9% during the 1st quarter. Benin Management CORP now owns 13,291 shares of the company's stock worth $2,265,000 after purchasing an additional 115 shares during the last quarter. Finally, Floyd Financial Group LLC lifted its holdings in Procter & Gamble by 2.4% during the 1st quarter. Floyd Financial Group LLC now owns 5,120 shares of the company's stock worth $873,000 after buying an additional 121 shares during the period. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PG. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Truist Financial dropped their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

Procter & Gamble Stock Performance

PG traded down $3.33 during trading on Thursday, hitting $162.62. 10,342,685 shares of the company traded hands, compared to its average volume of 7,318,117. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The stock's fifty day moving average is $164.30 and its 200 day moving average is $167.37. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market cap of $381.27 billion, a P/E ratio of 25.89, 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 quarterly 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 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business posted $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.60%. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was 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. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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.