Philadelphia Trust Co. Sells 658 Shares of Procter & Gamble Company (The) (NYSE:PG)

Philadelphia Trust Co. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,614 shares of the company’s stock after selling 658 shares during the quarter. Philadelphia Trust Co.’s holdings in Procter & Gamble were worth $957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Brighton Jones LLC grew its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after acquiring an additional 284,174 shares during the period. Marshall Wace LLP boosted its position in shares of Procter & Gamble by 134.4% in the fourth quarter. Marshall Wace LLP now owns 179,672 shares of the company’s stock valued at $30,122,000 after acquiring an additional 103,024 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at about $67,000. Finally, Capital International Sarl raised its stake in Procter & Gamble by 34.7% in the fourth quarter. Capital International Sarl now owns 3,476 shares of the company’s stock valued at $583,000 after purchasing an additional 896 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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 report on Monday, May 5th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday. Raymond James Financial dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.94.

Procter & Gamble Price Performance

PG stock opened at $154.30 on Friday. The firm has a 50 day moving average of $157.19 and a 200-day moving average of $163.29. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $361.43 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.06 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the company posted $1.40 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s payout ratio is currently 64.98%.

Procter & Gamble Company 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.