Bryn Mawr Capital Management LLC Sells 13,226 Shares of Procter & Gamble Company (The) (NYSE:PG)

Bryn Mawr Capital Management LLC cut its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,539 shares of the company's stock after selling 13,226 shares during the quarter. Procter & Gamble accounts for 0.8% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 29th largest position. Bryn Mawr Capital Management LLC's holdings in Procter & Gamble were worth $13,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Tectonic Advisors LLC increased its holdings in shares of Procter & Gamble by 7.0% in the 1st quarter. Tectonic Advisors LLC now owns 50,353 shares of the company's stock valued at $8,581,000 after purchasing an additional 3,296 shares during the period. Sage Mountain Advisors LLC increased its holdings in Procter & Gamble by 4.8% in the first quarter. Sage Mountain Advisors LLC now owns 16,667 shares of the company's stock worth $2,840,000 after buying an additional 764 shares during the last quarter. PAX Financial Group LLC increased its holdings in Procter & Gamble by 23.1% in the first quarter. PAX Financial Group LLC now owns 2,761 shares of the company's stock worth $471,000 after buying an additional 518 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in Procter & Gamble by 4.4% in the first quarter. Wealthfront Advisers LLC now owns 226,574 shares of the company's stock worth $38,613,000 after buying an additional 9,645 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its holdings in Procter & Gamble by 1.6% in the first quarter. Mosaic Family Wealth Partners LLC now owns 8,834 shares of the company's stock worth $1,506,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.3%

PG stock traded up $0.52 during trading on Friday, hitting $155.08. 7,257,731 shares of the company traded hands, compared to its average volume of 8,267,955. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company has a 50-day moving average of $161.37 and a 200-day moving average of $164.53. The firm has a market capitalization of $363.59 billion, a PE ratio of 24.62, a P/E/G ratio of 4.38 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating 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 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 company earned $1.52 EPS. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given 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 2.73%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the insider owned 25,182 shares in the company, valued at $3,995,627.94. This represents 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.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $176.84.

Procter & Gamble Company 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.