SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Trims Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• SHEPHERD WEALTH MANAGEMENT Ltd Liability Co reduced its stake in Procter & Gamble by 71.6%, selling 4,017 shares, resulting in ownership of 1,591 shares valued at $271,000.
• Several hedge funds have made new acquisitions in Procter & Gamble, including Navigoe LLC and Capital A Wealth Management LLC, each acquiring stakes worth $31,000 in the fourth quarter.
• Procter & Gamble reported quarterly earnings of $1.48 per share, surpassing estimates, and announced a dividend of $1.0568 per share, reflecting a 2.7% yield.

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 71.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,591 shares of the company's stock after selling 4,017 shares during the quarter. Procter & Gamble accounts for approximately 0.3% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's portfolio, making the stock its 29th largest position. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings in Procter & Gamble were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Navigoe LLC purchased a new position in Procter & Gamble during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth $31,000. 10Elms LLP purchased a new position in Procter & Gamble during the 4th quarter worth $34,000. Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $1.58 during trading on Thursday, hitting $153.83. 6,342,893 shares of the stock traded hands, compared to its average volume of 7,504,851. The stock has a market cap of $360.32 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 4.10 and a beta of 0.37. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm's fifty day moving average is $157.38 and its 200-day moving average is $163.37. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share 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 analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PG shares. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Raymond James Financial lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

About Procter & Gamble

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.