Tounjian Advisory Partners LLC Takes $8.74 Million Position in The Procter & Gamble Company (NYSE:PG)

Tounjian Advisory Partners LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 51,258 shares of the company's stock, valued at approximately $8,735,000. Procter & Gamble accounts for approximately 1.6% of Tounjian Advisory Partners LLC's holdings, making the stock its 9th biggest holding.

Several other large investors also recently made changes to their positions in PG. Pallas Capital Advisors LLC lifted its position in shares of Procter & Gamble by 4.1% in the first quarter. Pallas Capital Advisors LLC now owns 100,543 shares of the company's stock worth $17,135,000 after purchasing an additional 3,924 shares in the last quarter. PFS Partners LLC boosted its position in Procter & Gamble by 17.9% during the first quarter. PFS Partners LLC now owns 943 shares of the company's stock valued at $161,000 after purchasing an additional 143 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Procter & Gamble by 69.9% in the first quarter. Farther Finance Advisors LLC now owns 78,990 shares of the company's stock valued at $13,473,000 after purchasing an additional 32,485 shares in the last quarter. City Holding Co. increased its position in shares of Procter & Gamble by 0.9% during the 1st quarter. City Holding Co. now owns 56,831 shares of the company's stock worth $9,685,000 after purchasing an additional 480 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its stake in shares of Procter & Gamble by 0.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 18,431 shares of the company's stock worth $3,141,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PG. Evercore ISI reissued an "outperform" rating and issued a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Piper Sandler boosted 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. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Truist Financial cut their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.86.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.99 during mid-day trading on Thursday, reaching $163.10. 6,501,892 shares of the company were exchanged, compared to its average volume of 7,350,909. The company has a fifty day simple moving average of $163.64 and a 200-day simple moving average of $167.05. The firm has a market cap of $382.39 billion, a PE ratio of 25.97, a PEG ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The business 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%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. Procter & Gamble's dividend payout ratio (DPR) is currently 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.