Smithfield Trust Co Trims Stake in The Procter & Gamble Company (NYSE:PG)

Smithfield Trust Co decreased its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,389 shares of the company’s stock after selling 631 shares during the period. Smithfield Trust Co’s holdings in Procter & Gamble were worth $9,724,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PG. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the 4th quarter worth $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble in the 4th quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PG. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Stifel Nicolaus increased their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. UBS Group boosted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Royal Bank of Canada boosted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

Read Our Latest Analysis on PG

Procter & Gamble Stock Up 0.5 %

Shares of Procter & Gamble stock traded up $0.81 during trading hours on Friday, hitting $166.85. 4,872,095 shares of the company’s stock traded hands, compared to its average volume of 6,964,529. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $167.36. The stock has a 50 day simple moving average of $160.47 and a 200-day simple moving average of $154.65. The company has a market cap of $393.79 billion, a PE ratio of 27.26, a PEG ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) 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 company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the business earned $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total value of $5,049,900.00. Following the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,112 shares of company stock worth $22,841,321. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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