Vestor Capital LLC Sells 40,337 Shares of The Procter & Gamble Company (NYSE:PG)

Vestor Capital LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 44.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,841 shares of the company's stock after selling 40,337 shares during the quarter. Vestor Capital LLC's holdings in Procter & Gamble were worth $7,450,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PG. BNC Wealth Management LLC raised its holdings in shares of Procter & Gamble by 1.6% in the third quarter. BNC Wealth Management LLC now owns 14,175 shares of the company's stock valued at $2,068,000 after purchasing an additional 222 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Procter & Gamble by 7.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 52,179 shares of the company's stock valued at $7,611,000 after buying an additional 3,426 shares during the period. Oak Harvest Investment Services increased its holdings in Procter & Gamble by 22.0% during the third quarter. Oak Harvest Investment Services now owns 47,773 shares of the company's stock worth $6,968,000 after buying an additional 8,615 shares during the last quarter. Monument Capital Management raised its position in Procter & Gamble by 5.8% in the third quarter. Monument Capital Management now owns 20,978 shares of the company's stock worth $3,060,000 after acquiring an additional 1,143 shares during the period. Finally, KMG Fiduciary Partners LLC raised its stake in shares of Procter & Gamble by 2.1% in the third quarter. KMG Fiduciary Partners LLC now owns 64,712 shares of the company's stock valued at $9,439,000 after buying an additional 1,324 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, April 23rd. Truist Financial upgraded 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 research report on Monday, March 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a "hold" rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada raised their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.76.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 21,388 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the sale, the chief executive officer now owns 36,854 shares of the company's stock, valued at approximately $6,080,172.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gary A. Coombe sold 21,388 shares of the firm's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the firm'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 transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company's stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 140,112 shares of company stock worth $22,841,321 over the last quarter. Company insiders own 0.17% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.81 during mid-day trading on Friday, reaching $166.85. 4,872,095 shares of the company traded hands, compared to its average volume of 6,964,529. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $167.36. The company's 50 day moving average price is $160.47 and its 200-day moving average price is $154.65. The firm has a market cap of $393.79 billion, a PE ratio of 27.26, a PEG ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. On average, equities 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 declared 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 is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 65.85%.

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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