Procter & Gamble Company (The) (NYSE:PG) Shares Sold by MONECO Advisors LLC

Key Points

• MONECO Advisors LLC reduced its stake in Procter & Gamble by 33.1%, selling 8,705 shares and owning 17,559 shares valued at approximately $2.99 million as of its latest SEC filing.
• Procter & Gamble reported $1.48 earnings per share for its most recent quarter, exceeding expectations and achieving a 1.7% year-over-year revenue growth with total revenue of $20.89 billion.
• The company declared a quarterly dividend of $1.0568, which translates to an annualized rate of $4.23 and a dividend yield of 2.8%, with a payout ratio of 67.14%.

MONECO Advisors LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 33.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,559 shares of the company's stock after selling 8,705 shares during the quarter. MONECO Advisors LLC's holdings in Procter & Gamble were worth $2,992,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Procter & Gamble by 493.6% in 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. Massachusetts Financial Services Co. MA boosted its holdings in Procter & Gamble by 3.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,139,026 shares of the company's stock valued at $190,958,000 after purchasing an additional 40,080 shares during the last quarter. Nottingham Advisors Inc. lifted its holdings in shares of Procter & Gamble by 11.6% in the 4th quarter. Nottingham Advisors Inc. now owns 3,365 shares of the company's stock valued at $564,000 after buying an additional 351 shares during the period. Finally, Disciplined Investors L.L.C. purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $628,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 1.7%

Shares of PG stock opened at $150.30 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The firm has a market capitalization of $352.38 billion, a P/E ratio of 23.09, a PEG ratio of 4.27 and a beta of 0.40. The stock's fifty day moving average is $160.13 and its two-hundred day moving average is $164.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period last year, the firm posted $1.40 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts expect 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. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is 67.14%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PG shares. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

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.

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