The Procter & Gamble Company (NYSE:PG) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. trimmed its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,006 shares of the company's stock after selling 1,800 shares during the quarter. Procter & Gamble makes up about 2.1% of Baxter Bros Inc.'s portfolio, making the stock its 15th biggest position. Baxter Bros Inc.'s holdings in Procter & Gamble were worth $15,850,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PG. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after acquiring an additional 1,267,419 shares in the last quarter. Norges Bank purchased a new position in Procter & Gamble in the fourth quarter worth $5,244,463,000. Northern Trust Corp increased its holdings in shares of Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after purchasing an additional 1,209,275 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, 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. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Piper Sandler increased their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Bank of America lowered their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.86.

Procter & Gamble Stock Up 0.9%

PG traded up $1.51 on Friday, reaching $164.31. The company's stock had a trading volume of 1,824,097 shares, compared to its average volume of 7,304,854. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $164.14 and a two-hundred day moving average of $167.32. The company has a market capitalization of $385.23 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 3.76 and a beta of 0.43. 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 announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) 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 analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors 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. This represents a $4.23 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) 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.