Sivia Capital Partners LLC Lowers Stake in The Procter & Gamble Company (NYSE:PG)

Sivia Capital Partners LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,128 shares of the company’s stock after selling 375 shares during the quarter. Sivia Capital Partners LLC’s holdings in Procter & Gamble were worth $874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $50,049,000. Strategic Financial Concepts LLC grew its holdings in Procter & Gamble by 19,587.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 288,624 shares of the company’s stock valued at $48,388,000 after purchasing an additional 287,158 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Procter & Gamble by 1.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,814,391 shares of the company’s stock valued at $974,783,000 after purchasing an additional 97,592 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Procter & Gamble by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 504,941 shares of the company’s stock valued at $84,653,000 after purchasing an additional 1,548 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Evercore ISI restated an “outperform” rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Price Performance

Shares of PG stock opened at $164.01 on Friday. The company has a market capitalization of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The firm has a fifty day simple moving average of $164.01 and a 200-day simple moving average of $167.25. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.58%. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.