Whittier Trust Co. of Nevada Inc. Acquires 2,107 Shares of Procter & Gamble Company (The) (NYSE:PG)

Whittier Trust Co. of Nevada Inc. increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,993 shares of the company's stock after acquiring an additional 2,107 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Procter & Gamble were worth $25,732,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PG. Cladis Investment Advisory LLC grew its holdings 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. grew its holdings in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after purchasing an additional 4,562 shares during the period. World Investment Advisors grew its holdings in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares during the period. Finally, Yoffe Investment Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at $1,874,000. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred 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 directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PG shares. Bank of America dropped 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. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler increased their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $177.45.

Procter & Gamble Stock Performance

Shares of PG opened at $153.80 on Tuesday. Procter & Gamble Company has a one year low of $152.86 and a one year high of $180.43. The company has a 50-day simple moving average of $161.67 and a two-hundred day simple moving average of $164.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The firm has a market capitalization of $360.59 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.75%. Procter & Gamble's dividend payout ratio is presently 66.98%.

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.