The Procter & Gamble Company (NYSE:PG) Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its position in The Procter & Gamble Company (NYSE:PG) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,644 shares of the company’s stock after selling 2,907 shares during the period. Whittier Trust Co.’s holdings in Procter & Gamble were worth $42,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified LLC raised its position in shares of Procter & Gamble by 7.0% during the 1st quarter. Diversified LLC now owns 7,715 shares of the company’s stock valued at $1,252,000 after acquiring an additional 504 shares in the last quarter. Smart Money Group LLC lifted its holdings in Procter & Gamble by 52.2% in the first quarter. Smart Money Group LLC now owns 3,461 shares of the company’s stock worth $565,000 after acquiring an additional 1,187 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Procter & Gamble by 2.8% in the first quarter. Salomon & Ludwin LLC now owns 14,784 shares of the company’s stock valued at $2,399,000 after acquiring an additional 396 shares during the period. RiverFront Investment Group LLC grew its holdings in shares of Procter & Gamble by 2.6% during the first quarter. RiverFront Investment Group LLC now owns 25,685 shares of the company’s stock valued at $4,167,000 after purchasing an additional 641 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Procter & Gamble by 34.3% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 29,306 shares of the company’s stock worth $4,755,000 after purchasing an additional 7,477 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.84 during midday trading on Tuesday, reaching $165.68. The company’s stock had a trading volume of 4,393,139 shares, compared to its average volume of 6,539,645. 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 $391.03 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.15 and a beta of 0.41. The company has a 50 day moving average price of $165.92 and a 200 day moving average price of $159.71. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share 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 business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the company posted $1.37 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’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 transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on PG shares. Jefferies Financial Group upped their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Barclays boosted their target price 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. Argus raised their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.72.

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.