F M Investments LLC Cuts Holdings in The Procter & Gamble Company (NYSE:PG)

F M Investments LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,903 shares of the company’s stock after selling 175 shares during the quarter. F M Investments LLC’s holdings in Procter & Gamble were worth $421,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wyrmwood Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. Mendota Financial Group LLC boosted its stake in Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC boosted its stake in Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.96 during midday trading on Tuesday, hitting $161.50. The stock had a trading volume of 7,642,490 shares, compared to its average volume of 6,968,534. The company has a market capitalization of $380.01 billion, a PE ratio of 26.39, a P/E/G ratio of 3.19 and a beta of 0.44. The stock has a 50 day simple moving average of $159.32 and a 200-day simple moving average of $153.26. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.53 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. 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. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PG. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday. Seven investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.88.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,918 shares of company stock worth $43,323,263. 0.17% of the stock is owned by corporate insiders.

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.