Procter & Gamble Company (The) (NYSE:PG) Stock Position Reduced by Flossbach Von Storch SE

Flossbach Von Storch SE lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,905,702 shares of the company's stock after selling 151,896 shares during the period. Procter & Gamble comprises 2.9% of Flossbach Von Storch SE's portfolio, making the stock its 16th largest position. Flossbach Von Storch SE owned 0.17% of Procter & Gamble worth $665,610,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PG. Navigoe LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. raised its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Finally, 10Elms LLP acquired a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated 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 owned 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $157.85 on Wednesday. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The business has a 50-day moving average of $161.98 and a two-hundred day moving average of $165.15. The stock has a market capitalization of $370.09 billion, a P/E ratio of 25.06, a P/E/G ratio of 4.57 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble's payout ratio is presently 67.14%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Evercore ISI restated an "outperform" rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.45.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.