Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Allworth Financial LP

Allworth Financial LP raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 309,615 shares of the company's stock after buying an additional 12,607 shares during the quarter. Allworth Financial LP's holdings in Procter & Gamble were worth $49,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Brighton Jones LLC raised its position in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Procter & Gamble by 50.4% in the 4th quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock valued at $1,737,000 after buying an additional 3,472 shares during the period. Inspire Advisors LLC raised its holdings in shares of Procter & Gamble by 7.1% in the 4th quarter. Inspire Advisors LLC now owns 1,973 shares of the company's stock valued at $331,000 after buying an additional 131 shares during the period. Finally, Prosperity Financial Group Inc. raised its holdings in shares of Procter & Gamble by 2.6% in the 4th quarter. Prosperity Financial Group Inc. now owns 4,185 shares of the company's stock valued at $702,000 after buying an additional 107 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 1.0%

Shares of PG traded down $1.59 during mid-day trading on Friday, hitting $156.90. The company had a trading volume of 3,185,815 shares, compared to its average volume of 7,570,296. The business's 50-day simple moving average is $161.84 and its 200-day simple moving average is $165.03. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1-year low of $155.95 and a 1-year high of $180.43. The stock has a market cap of $367.86 billion, a PE ratio of 24.90, a P/E/G ratio of 4.48 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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. The business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.69%. Procter & Gamble's dividend payout ratio is presently 66.98%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Raymond James Financial reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on 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 transaction, the insider owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

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.