Community Bank of Raymore Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

Community Bank of Raymore decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 11.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,916 shares of the company’s stock after selling 1,467 shares during the quarter. Community Bank of Raymore’s holdings in Procter & Gamble were worth $1,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Advantage Trust Co purchased a new position in Procter & Gamble in the 4th quarter valued at $28,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PG. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target for the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Stock Down 0.9 %

PG traded down $1.60 on Tuesday, hitting $166.85. 8,218,983 shares of the company were exchanged, compared to its average volume of 6,599,255. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41. The company has a market cap of $393.79 billion, a PE ratio of 27.38, a PEG ratio of 3.42 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock’s fifty day moving average is $164.85 and its 200-day moving average is $158.32.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.69%.

Insider Buying and Selling at Procter & Gamble

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

Procter & Gamble Company 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.