River Street Advisors LLC Buys 265 Shares of The Procter & Gamble Company (NYSE:PG)

River Street Advisors LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% during the first quarter, HoldingsChannel.com reports. The firm owned 6,659 shares of the company’s stock after purchasing an additional 265 shares during the quarter. River Street Advisors LLC’s holdings in Procter & Gamble were worth $1,080,000 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. Advantage Trust Co bought a new position in Procter & Gamble in the 4th quarter worth about $28,000. Wyrmwood Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $29,000. Naples Money Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $29,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth about $33,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock valued at $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 1.0 %

NYSE PG traded down $1.70 on Friday, hitting $164.92. The company’s stock had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is $165.60 and its 200 day simple moving average is $158.81. The firm has a market cap of $389.23 billion, a P/E ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the business posted $1.37 EPS. The business’s revenue was up .6% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group upped their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $170.72.

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.