The Procter & Gamble Company (NYSE:PG) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,356,303 shares of the company's stock after selling 165,810 shares during the period. Truist Financial Corp owned approximately 0.06% of Procter & Gamble worth $198,753,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Cerity Partners LLC grew its position in shares of Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company's stock valued at $898,943,000 after purchasing an additional 3,159,796 shares during the period. Wellington Management Group LLP lifted its stake in Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company's stock valued at $5,193,916,000 after buying an additional 3,047,557 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Procter & Gamble by 13,850.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company's stock worth $402,601,000 after buying an additional 2,727,685 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company's stock worth $473,475,000 after buying an additional 2,268,805 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the third quarter valued at approximately $246,412,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.8 %

PG stock traded down $1.31 during midday trading on Friday, hitting $161.24. The company's stock had a trading volume of 5,659,643 shares, compared to its average volume of 6,957,020. The firm has a 50-day simple moving average of $159.64 and a 200-day simple moving average of $153.51. The firm has a market capitalization of $380.55 billion, a P/E ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the company earned $1.37 EPS. Procter & Gamble's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble's payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PG shares. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a "buy" rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company boosted their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a report on Friday, March 1st. They issued a "neutral" rating and a $168.00 price target for the company. Finally, Argus boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.76.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company's stock, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,865 shares of company stock valued at $16,029,280. 0.17% of the stock is currently owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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