Strategic Advisors LLC Sells 3,759 Shares of The Procter & Gamble Company (NYSE:PG)

Strategic Advisors LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,153 shares of the company's stock after selling 3,759 shares during the period. Procter & Gamble makes up approximately 1.7% of Strategic Advisors LLC's portfolio, making the stock its 13th largest position. Strategic Advisors LLC's holdings in Procter & Gamble were worth $8,888,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PG. Cladis Investment Advisory LLC lifted its position in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after purchasing an additional 236 shares during the period. FAS Wealth Partners Inc. raised its stake in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA lifted its holdings in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after buying an additional 2,179 shares during the period. Natural Investments LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth $2,121,000. Finally, O Brien Greene & Co. Inc grew its holdings in shares of Procter & Gamble by 5.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 3,085 shares of the company's stock worth $517,000 after acquiring an additional 160 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Citigroup cut their price objective 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. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

PG opened at $160.79 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market capitalization of $376.99 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.76 and a beta of 0.43. The company has a fifty day moving average of $163.81 and a 200 day moving average of $166.51. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed 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 an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. Procter & Gamble's payout ratio is presently 66.98%.

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.

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