Nvest Financial LLC Sells 205 Shares of Procter & Gamble Company (The) (NYSE:PG)

Nvest Financial LLC reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,205 shares of the company’s stock after selling 205 shares during the quarter. Nvest Financial LLC’s holdings in Procter & Gamble were worth $546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares during the period. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after buying an additional 1,267,419 shares during the last quarter. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $5,244,463,000. Northern Trust Corp boosted its stake in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Piper Sandler raised their target price 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 research note on Thursday, March 27th. Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.45.

Procter & Gamble Price Performance

PG stock opened at $159.03 on Thursday. The stock has a market cap of $372.85 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 4.73 and a beta of 0.43. The stock has a 50-day moving average price of $162.88 and a two-hundred day moving average price of $165.83. 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 announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (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 analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued 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 dividend on an annualized basis and a dividend yield of 2.66%. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.