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

Bartlett & CO. Wealth Management LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,235 shares of the company's stock after selling 7,611 shares during the period. Procter & Gamble comprises about 2.8% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 5th largest holding. Bartlett & CO. Wealth Management LLC's holdings in Procter & Gamble were worth $190,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $147,000. Verus Capital Partners LLC boosted its position in Procter & Gamble by 4.4% during the fourth quarter. Verus Capital Partners LLC now owns 8,202 shares of the company's stock valued at $1,375,000 after purchasing an additional 343 shares during the last quarter. Finally, Shoker Investment Counsel Inc. boosted its position in Procter & Gamble by 22.8% during the fourth quarter. Shoker Investment Counsel Inc. now owns 107,186 shares of the company's stock valued at $17,970,000 after purchasing an additional 19,873 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, 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. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $160.00 on Friday. The stock has a 50 day simple moving average of $162.44 and a 200 day simple moving average of $165.66. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year 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 has a market cap of $375.11 billion, a P/E ratio of 25.40, a PEG ratio of 4.68 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. The company's revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Finally, Truist Financial cut their price objective 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 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.