Procter & Gamble Company (The) (NYSE:PG) Stock Position Lifted by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,335 shares of the company's stock after acquiring an additional 4,144 shares during the quarter. Procter & Gamble comprises approximately 3.6% of Prentiss Smith & Co. Inc.'s holdings, making the stock its 7th biggest position. Prentiss Smith & Co. Inc.'s holdings in Procter & Gamble were worth $5,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Brighton Jones LLC increased its holdings in Procter & Gamble by 51.5% in the 4th 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 in the last quarter. Union Bancaire Privee UBP SA bought a new position in Procter & Gamble in the 4th quarter worth approximately $50,049,000. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after purchasing an additional 284,174 shares during the period. CIBC Asset Management Inc boosted its stake in Procter & Gamble by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 455,930 shares of the company's stock worth $76,423,000 after purchasing an additional 9,754 shares during the period. Finally, Blue Chip Partners LLC boosted its stake in Procter & Gamble by 0.5% in the 4th quarter. Blue Chip Partners LLC now owns 20,681 shares of the company's stock worth $3,467,000 after purchasing an additional 105 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $178.86.

Procter & Gamble Stock Down 1.5%

Shares of PG opened at $158.53 on Wednesday. The company has a market cap of $371.67 billion, a PE ratio of 25.16, a P/E/G ratio of 4.74 and a beta of 0.43. The business has a fifty day moving average of $163.73 and a 200 day moving average of $166.46. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction 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 now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.

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