Moisand Fitzgerald Tamayo LLC Sells 112 Shares of The Procter & Gamble Company (NYSE:PG)

Moisand Fitzgerald Tamayo LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,471 shares of the company’s stock after selling 112 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Procter & Gamble were worth $563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teza Capital Management LLC boosted its stake in shares of Procter & Gamble by 212.9% in the 3rd quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock valued at $625,000 after purchasing an additional 2,915 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Procter & Gamble by 0.3% during the third quarter. Fred Alger Management LLC now owns 50,240 shares of the company’s stock worth $7,328,000 after buying an additional 167 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Procter & Gamble during the third quarter worth $1,001,000. Gateway Advisory LLC boosted its holdings in shares of Procter & Gamble by 33.3% during the 3rd quarter. Gateway Advisory LLC now owns 10,156 shares of the company’s stock valued at $1,481,000 after acquiring an additional 2,537 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its position in Procter & Gamble by 4.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 12,524 shares of the company’s stock worth $1,827,000 after acquiring an additional 547 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.0 %

Shares of PG stock traded down $1.70 on Friday, reaching $164.92. 9,253,317 shares of the company were exchanged, compared to its average volume of 6,088,934. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company has a market cap of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.38 and a beta of 0.42. The company has a 50-day moving average of $165.60 and a 200-day moving average of $158.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, April 18th. 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%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PG. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Argus upped their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group started coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.