Retirement Guys Formula LLC Sells 3,723 Shares of Procter & Gamble Company (The) (NYSE:PG)

Retirement Guys Formula LLC reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 51.8% in the first quarter, Holdings Channel reports. The fund owned 3,458 shares of the company’s stock after selling 3,723 shares during the quarter. Retirement Guys Formula LLC’s holdings in Procter & Gamble were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cladis Investment Advisory LLC increased its stake in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after purchasing an additional 236 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA boosted its holdings in Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares during the period. Natural Investments LLC purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $2,121,000. Finally, Yoffe Investment Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $1,874,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Bank of America reduced their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $178.45.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $160.41 on Wednesday. The stock’s 50-day moving average is $163.03 and its 200 day moving average is $165.87. The stock has a market cap of $376.08 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 4.75 and a beta of 0.43. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.64%. Procter & Gamble’s payout ratio is currently 67.14%.

Procter & Gamble Profile

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.