Brown Advisory Securities LLC Has $1.15 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Brown Advisory Securities LLC decreased its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,507 shares of the company’s stock after selling 400 shares during the period. Brown Advisory Securities LLC’s holdings in Procter & Gamble were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lansing Street Advisors bought a new stake in Procter & Gamble in the first quarter valued at $37,000. Western Pacific Wealth Management LP bought a new stake in Procter & Gamble in the fourth quarter valued at $40,000. Retirement Group LLC increased its stake in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. IAG Wealth Partners LLC increased its stake in Procter & Gamble by 31.0% in the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 63.64% of the company’s stock.

Procter & Gamble Stock Up 0.0 %

PG opened at $144.72 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The stock has a market cap of $347.23 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.00 and a beta of 0.35. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35. The company’s 50-day moving average price is $142.90 and its two-hundred day moving average price is $151.06.

Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be paid a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PG shares. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Truist Financial decreased their target price on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Raymond James boosted their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Finally, Credit Suisse Group boosted their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.93.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now directly owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.