The Procter & Gamble Company (NYSE:PG) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,778 shares of the company’s stock after selling 1,086 shares during the quarter. Courier Capital LLC’s holdings in Procter & Gamble were worth $6,292,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PG. Fifth Third Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 9.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,962 shares of the company’s stock worth $3,401,000 after purchasing an additional 1,875 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Procter & Gamble during the first quarter valued at approximately $5,630,000. Cypress Wealth Services LLC raised its stake in shares of Procter & Gamble by 7.8% during the first quarter. Cypress Wealth Services LLC now owns 4,086 shares of the company’s stock valued at $663,000 after purchasing an additional 297 shares during the period. Dohj LLC grew its position in shares of Procter & Gamble by 8.3% during the first quarter. Dohj LLC now owns 6,681 shares of the company’s stock worth $1,084,000 after buying an additional 510 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its holdings in Procter & Gamble by 100.0% in the first quarter. Tarbox Family Office Inc. now owns 2,986 shares of the company’s stock worth $485,000 after purchasing an additional 1,493 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.5 %

PG stock traded down $0.83 during mid-day trading on Thursday, reaching $166.62. The company had a trading volume of 4,969,691 shares, compared to its average volume of 6,575,230. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market capitalization of $393.25 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. The firm has a 50 day moving average of $165.28 and a 200 day moving average of $158.54. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BNP Paribas started coverage on shares of Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 price objective on the stock. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble 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.