Quotient Wealth Partners LLC Has $2.10 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Quotient Wealth Partners LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,346 shares of the company's stock after selling 1,987 shares during the quarter. Quotient Wealth Partners LLC's holdings in Procter & Gamble were worth $2,104,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG increased its position in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Procter & Gamble by 50.4% during the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock worth $1,737,000 after buying an additional 3,472 shares in the last quarter. Clare Market Investments LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $358,000. Finally, Davis R M Inc. boosted its position in shares of Procter & Gamble by 4.5% in the fourth quarter. Davis R M Inc. now owns 259,529 shares of the company's stock valued at $43,510,000 after acquiring an additional 11,087 shares during the period. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the subject of several analyst reports. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 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 research report on Monday, May 5th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Price Performance

PG stock traded up $1.32 during midday trading on Thursday, reaching $158.84. 3,875,833 shares of the stock were exchanged, compared to its average volume of 7,564,486. Procter & Gamble Company has a 52 week low of $155.95 and a 52 week high of $180.43. The company has a fifty day moving average price of $161.87 and a 200 day moving average price of $165.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market capitalization of $372.42 billion, a PE ratio of 25.21, a P/E/G ratio of 4.49 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. As a group, 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. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.

Insiders Place Their Bets

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

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.