The Procter & Gamble Company (NYSE:PG) Stock Position Decreased by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors reduced its stake in The Procter & Gamble Company (NYSE:PG) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,559 shares of the company’s stock after selling 301 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Procter & Gamble were worth $740,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PG. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $33,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on PG shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group lifted their price target on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction 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 directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, 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 value 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 approximately $634,634. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 in the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.5 %

Shares of Procter & Gamble stock traded down $0.83 during midday trading on Thursday, hitting $166.62. The company’s stock had a trading volume of 4,969,691 shares, compared to its average volume of 6,575,230. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. 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 firm has a market capitalization of $393.25 billion, a P/E ratio of 27.31, a PEG ratio of 3.39 and a beta of 0.42. The stock has a 50-day simple moving average of $165.28 and a 200-day simple moving average of $158.54.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend 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%.

About Procter & Gamble

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.