Fifth Third Bancorp Sells 38,010 Shares of The Procter & Gamble Company (NYSE:PG)

Fifth Third Bancorp decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,366,595 shares of the company's stock after selling 38,010 shares during the quarter. Procter & Gamble comprises approximately 1.5% of Fifth Third Bancorp's investment portfolio, making the stock its 11th largest holding. Fifth Third Bancorp owned about 0.10% of Procter & Gamble worth $383,980,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Demars Financial Group LLC lifted its stake in shares of Procter & Gamble by 4.4% in the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company's stock valued at $219,000 after purchasing an additional 63 shares during the period. Emerald Advisors LLC lifted its position in Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company's stock valued at $553,000 after buying an additional 65 shares during the period. O Brien Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company's stock valued at $302,000 after buying an additional 65 shares in the last quarter. Mechanics Financial Corp grew its position in shares of Procter & Gamble by 0.4% in the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company's stock worth $2,372,000 after buying an additional 65 shares during the period. Finally, LWM Advisory Services LLC increased its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company's stock worth $461,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. UBS Group boosted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, January 18th. Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 23rd. Truist Financial raised Procter & Gamble from a "hold" rating to a "buy" rating and raised their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada increased their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $169.76.

Insider Activity at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 776 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company's stock, valued at $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company's stock, valued at $768,256.49. The disclosure for this sale can be found here. Insiders have sold 86,865 shares of company stock valued at $14,059,180 in the last ninety days. Corporate insiders own 0.17% of the company's stock.

Procter & Gamble Trading Up 0.3 %

Shares of NYSE PG traded up $0.44 during trading hours on Thursday, reaching $163.84. The stock had a trading volume of 5,594,859 shares, compared to its average volume of 6,934,530. The business's fifty day moving average price is $159.94 and its two-hundred day moving average price is $154.04. The firm has a market cap of $386.69 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 3.31 and a beta of 0.43. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.49. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's payout ratio is 65.85%.

Procter & Gamble Profile

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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