Abner Herrman & Brock LLC Sells 7,495 Shares of The Procter & Gamble Company (NYSE:PG)

Abner Herrman & Brock LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 19.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,550 shares of the company's stock after selling 7,495 shares during the period. Abner Herrman & Brock LLC's holdings in Procter & Gamble were worth $5,377,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Procter & Gamble by 51.5% during the 4th 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 last quarter. Union Bancaire Privee UBP SA acquired a new stake in Procter & Gamble during the 4th quarter worth $50,049,000. Busey Bank lifted its holdings in Procter & Gamble by 0.7% during the fourth quarter. Busey Bank now owns 185,984 shares of the company's stock worth $31,180,000 after acquiring an additional 1,265 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 33,147 shares of the company's stock worth $5,557,000 after acquiring an additional 242 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $1,879,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 1.3%

Shares of Procter & Gamble stock traded down $2.09 during midday trading on Thursday, reaching $163.86. The company had a trading volume of 3,580,685 shares, compared to its average volume of 7,291,789. The stock has a fifty day moving average price of $164.30 and a 200 day moving average price of $167.37. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm has a market cap of $384.17 billion, a PE ratio of 26.09, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 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 33.00% and a net margin of 18.35%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction 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 approximately $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. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Raymond James lowered their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble 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.