The Procter & Gamble Company (NYSE:PG) Stock Position Trimmed by Alesco Advisors LLC

Alesco Advisors LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,387 shares of the company’s stock after selling 87 shares during the quarter. Alesco Advisors LLC’s holdings in Procter & Gamble were worth $350,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Callan Capital LLC lifted its position in Procter & Gamble by 33.6% in the 4th quarter. Callan Capital LLC now owns 4,389 shares of the company’s stock valued at $643,000 after purchasing an additional 1,103 shares during the last quarter. Herold Advisors Inc. raised its position in shares of Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after buying an additional 581 shares in the last quarter. Bryn Mawr Capital Management LLC raised its position in shares of Procter & Gamble by 8.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 98,780 shares of the company’s stock worth $14,475,000 after buying an additional 8,010 shares in the last quarter. Stanley Laman Group Ltd. raised its position in shares of Procter & Gamble by 2.2% during the 4th quarter. Stanley Laman Group Ltd. now owns 4,018 shares of the company’s stock worth $589,000 after buying an additional 87 shares in the last quarter. Finally, TAP Consulting LLC raised its position in shares of Procter & Gamble by 2.5% during the 4th quarter. TAP Consulting LLC now owns 5,176 shares of the company’s stock worth $759,000 after buying an additional 128 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 0.8 %

Shares of Procter & Gamble stock traded down $1.31 during trading on Friday, hitting $161.24. The stock had a trading volume of 5,659,643 shares, compared to its average volume of 6,957,020. The stock has a 50 day simple moving average of $159.64 and a 200 day simple moving average of $153.51. The company has a market capitalization of $380.55 billion, a PE ratio of 26.35, a P/E/G 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 1 year low of $141.45 and a 1 year high of $164.32.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping 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 net margin of 18.00% and a return on equity of 33.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.55 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. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s payout ratio is presently 65.85%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,865 shares of company stock valued at $16,029,280. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.