Nations Financial Group Inc. IA ADV Trims Stake in Procter & Gamble Company (The) $PG

Key Points

• Nations Financial Group Inc. IA ADV has reduced its holdings in Procter & Gamble by 9.4% during the 1st quarter, now owning 29,774 shares worth approximately $5 million.
• Recent analyst reports show a mixed outlook for Procter & Gamble, with target price adjustments ranging from $161.00 to $190.00, and an average rating of "Moderate Buy."
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, with a yield of 2.7%, set to be paid on August 15th to shareholders of record by July 18th.

Nations Financial Group Inc. IA ADV lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,774 shares of the company's stock after selling 3,087 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Procter & Gamble were worth $5,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Cladis Investment Advisory LLC increased its stake in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares during the period. FAS Wealth Partners Inc. increased its stake in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after buying an additional 549 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after purchasing an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after purchasing an additional 4,562 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday. Raymond James Financial cut their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Piper Sandler increased their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $0.56 during trading hours on Friday, reaching $154.30. The company had a trading volume of 7,120,993 shares, compared to its average volume of 7,395,259. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The business has a fifty day simple moving average of $157.19 and a 200 day simple moving average of $163.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is currently 64.82%.

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.