ProVise Management Group LLC Sells 441 Shares of Procter & Gamble Company (The) (NYSE:PG)

ProVise Management Group LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,278 shares of the company’s stock after selling 441 shares during the quarter. ProVise Management Group LLC’s holdings in Procter & Gamble were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Alberta Investment Management Corp lifted its holdings in shares of Procter & Gamble by 25.9% in the 1st quarter. Alberta Investment Management Corp now owns 65,925 shares of the company’s stock worth $11,235,000 after acquiring an additional 13,580 shares during the last quarter. Howland Capital Management LLC lifted its holdings in shares of Procter & Gamble by 25.8% in the 1st quarter. Howland Capital Management LLC now owns 148,643 shares of the company’s stock worth $25,332,000 after acquiring an additional 30,479 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 0.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 131,332 shares of the company’s stock worth $21,481,000 after acquiring an additional 1,029 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $212,000. Finally, Elios Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 15.9% in the 1st quarter. Elios Financial Group Inc. now owns 3,293 shares of the company’s stock worth $561,000 after acquiring an additional 451 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on PG shares. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Bank of America decreased their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Raymond James Financial decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.88.

Procter & Gamble Stock Up 0.1%

Shares of Procter & Gamble stock opened at $150.65 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $159.83 and its two-hundred day simple moving average is $163.99. The company has a market cap of $353.20 billion, a P/E ratio of 23.14, a PEG ratio of 3.96 and a beta of 0.37. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.