Procter & Gamble Company (The) (NYSE:PG) is Vestcor Inc's 10th Largest Position

Vestcor Inc lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,996 shares of the company's stock after selling 5,645 shares during the period. Procter & Gamble makes up approximately 1.0% of Vestcor Inc's portfolio, making the stock its 10th biggest holding. Vestcor Inc's holdings in Procter & Gamble were worth $30,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Navigoe LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. 10Elms LLP bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on 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 transaction, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% 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. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. 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 report on Friday, April 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Nine 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.71.

Procter & Gamble Price Performance

PG traded down $3.88 during trading on Wednesday, reaching $152.73. The stock had a trading volume of 8,153,732 shares, compared to its average volume of 8,270,234. The stock has a market cap of $358.08 billion, a PE ratio of 23.46, a PEG ratio of 4.47 and a beta of 0.40. 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 Company has a one year low of $151.90 and a one year high of $180.43. The business has a 50-day moving average of $160.43 and a 200-day moving average of $164.11.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.