The Procter & Gamble Company (NYSE:PG) Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,769,301 shares of the company's stock after selling 30,270 shares during the period. Procter & Gamble accounts for 1.9% of Aristotle Capital Management LLC's portfolio, making the stock its 23rd largest position. Aristotle Capital Management LLC owned 0.25% of Procter & Gamble worth $967,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PG. Arrowroot Family Office LLC boosted its stake in Procter & Gamble by 98.4% in the fourth quarter. Arrowroot Family Office LLC now owns 2,851 shares of the company's stock valued at $478,000 after acquiring an additional 1,414 shares in the last quarter. Aspire Growth Partners LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth $457,000. Asset Management Group Inc. grew its stake in Procter & Gamble by 0.5% during the 4th quarter. Asset Management Group Inc. now owns 13,743 shares of the company's stock worth $2,304,000 after buying an additional 68 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its stake in Procter & Gamble by 10.4% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 1,502 shares of the company's stock valued at $252,000 after buying an additional 141 shares during the last quarter. Finally, Accredited Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $634,000. Institutional investors own 65.77% of the company's stock.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47 % 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, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock valued at $10,999,268 in the last 90 days. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Raymond James decreased their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup reduced their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Piper Sandler raised their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Price Performance

PG stock traded up $0.55 during mid-day trading on Wednesday, reaching $159.80. The company's stock had a trading volume of 1,914,719 shares, compared to its average volume of 7,154,046. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $166.86 and its two-hundred day moving average is $167.79. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The stock has a market cap of $374.66 billion, a PE ratio of 25.43, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm's revenue was down 2.1% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.65%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's payout ratio is presently 66.98%.

About Procter & Gamble

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.