Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,292 shares of the company's stock after selling 3,159 shares during the quarter. Avior Wealth Management LLC's holdings in Procter & Gamble were worth $4,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Investment Research & Advisory Group Inc. grew its position in Procter & Gamble by 15.0% in the first quarter. Investment Research & Advisory Group Inc. now owns 11,438 shares of the company's stock worth $1,949,000 after acquiring an additional 1,490 shares during the period. Riverbridge Partners LLC boosted its position in shares of Procter & Gamble by 2.9% during the first quarter. Riverbridge Partners LLC now owns 15,320 shares of the company's stock worth $2,611,000 after buying an additional 437 shares during the period. LongView Wealth Management boosted its position in shares of Procter & Gamble by 1.5% during the first quarter. LongView Wealth Management now owns 6,554 shares of the company's stock worth $1,117,000 after buying an additional 94 shares during the period. Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of Procter & Gamble by 1.2% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 34,638 shares of the company's stock worth $5,903,000 after buying an additional 410 shares during the period. Finally, DecisionMap Wealth Management LLC boosted its position in shares of Procter & Gamble by 12.8% during the first quarter. DecisionMap Wealth Management LLC now owns 6,136 shares of the company's stock worth $1,046,000 after buying an additional 695 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $157.86 on Friday. The business's 50 day simple moving average is $163.51 and its 200-day simple moving average is $166.25. The firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.66 and a beta of 0.43. 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 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the firm posted $1.52 EPS. The company's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date of this dividend 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 2.68%. Procter & Gamble's payout ratio is 67.14%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's 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 completion of the sale, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents 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.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Bank of America reduced their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Evercore ISI reiterated an "outperform" rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

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.

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