Sentry Investment Management LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 20.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,360 shares of the company's stock after selling 1,882 shares during the period. Procter & Gamble makes up 0.7% of Sentry Investment Management LLC's portfolio, making the stock its 23rd biggest position. Sentry Investment Management LLC's holdings in Procter & Gamble were worth $1,179,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Lakeridge Wealth Management LLC grew its holdings in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after purchasing an additional 60 shares in the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares in the last quarter. Retirement Planning Group LLC lifted its position in shares of Procter & Gamble by 1.4% during the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock worth $789,000 after buying an additional 64 shares during the last quarter. First Citizens Financial Corp lifted its position in shares of Procter & Gamble by 1.8% during the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company's stock worth $624,000 after buying an additional 64 shares during the last quarter. Finally, Tevis Investment Management lifted its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after buying an additional 65 shares during the last quarter. Institutional investors own 65.77% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on PG shares. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Evercore ISI lifted their price target on Procter & Gamble from $170.00 to $190.00 and gave the company an "outperform" rating in a research note on Tuesday. Truist Financial cut their price target 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, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $178.86.
Get Our Latest Stock Analysis on PG
Insider Buying and Selling
In other Procter & Gamble 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 value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.
Procter & Gamble Stock Down 0.5%
Shares of NYSE:PG traded down $0.82 during mid-day trading on Wednesday, hitting $166.03. 4,935,328 shares of the company traded hands, compared to its average volume of 7,301,885. The stock has a market cap of $389.26 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The stock has a 50-day moving average price of $164.33 and a two-hundred day moving average price of $167.38.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.
About Procter & Gamble
(
Free Report)
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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