Callahan Advisors LLC Raises Holdings in Procter & Gamble Company (The) (NYSE:PG)

Callahan Advisors LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 103,980 shares of the company's stock after acquiring an additional 10,247 shares during the quarter. Procter & Gamble comprises about 1.7% of Callahan Advisors LLC's portfolio, making the stock its 18th largest position. Callahan Advisors LLC's holdings in Procter & Gamble were worth $17,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% during the 4th 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 purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's 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 of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 1.0%

Shares of NYSE PG traded down $1.54 during mid-day trading on Friday, hitting $156.95. The company had a trading volume of 8,051,886 shares, compared to its average volume of 7,596,124. The company has a market capitalization of $367.98 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a 1-year low of $155.95 and a 1-year high of $180.43. The business's 50-day simple moving average is $161.84 and its 200 day simple moving average is $165.03.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

Analysts Set New Price Targets

Several research firms have commented on PG. Raymond James Financial cut 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. Bank of America dropped their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Evercore ISI restated an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.45.

About Procter & Gamble

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.