Leo Wealth LLC Trims Stake in Procter & Gamble Company (The) (NYSE:PG)

Leo Wealth LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 45.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,830 shares of the company's stock after selling 6,597 shares during the quarter. Leo Wealth LLC's holdings in Procter & Gamble were worth $1,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after acquiring an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares during the period. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter worth $5,244,463,000. Northern Trust Corp grew its holdings in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after buying an additional 1,209,275 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.7%

Procter & Gamble stock traded down $1.15 during mid-day trading on Tuesday, hitting $152.61. The company had a trading volume of 9,130,138 shares, compared to its average volume of 7,636,913. Procter & Gamble Company has a 12 month low of $151.92 and a 12 month high of $180.43. The stock's 50 day moving average price is $161.54 and its two-hundred day moving average price is $164.68. 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 company has a market capitalization of $357.80 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 67.14%.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred 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 transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PG shares. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler lifted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $177.25.

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.