Westwood Holdings Group Inc. Sells 1,794 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Westwood Holdings Group Inc. sold 1,794 shares of Procter & Gamble, reducing its stake by 18.4%, leaving it with 7,952 shares valued at approximately $1,355,000.
• Procter & Gamble reported a quarterly EPS of $1.48, exceeding estimates, and a revenue of $20.89 billion, reflecting a 1.7% increase year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.8%.

Westwood Holdings Group Inc. decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,952 shares of the company's stock after selling 1,794 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Procter & Gamble were worth $1,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Unique Wealth LLC increased its holdings in shares of Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares during the period. Stableford Capital II LLC increased its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. increased its holdings in shares of Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after purchasing an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after purchasing an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC increased its holdings in shares of Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Citigroup decreased their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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. Truist Financial decreased 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, 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 research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble Stock Up 0.0%

PG traded up $0.06 during trading on Friday, reaching $153.55. 5,810,954 shares of the stock traded hands, compared to its average volume of 8,068,523. The stock has a market cap of $359.67 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock's 50-day simple moving average is $158.26 and its two-hundred day simple moving average is $163.68.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

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.