Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,498,407 shares of the company’s stock after selling 18,867 shares during the period. Victory Capital Management Inc.’s holdings in Procter & Gamble were worth $255,359,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC grew its position in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Procter & Gamble by 50.4% in the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company’s stock valued at $1,737,000 after acquiring an additional 3,472 shares during the period. Axxcess Wealth Management LLC grew its holdings in shares of Procter & Gamble by 1.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 97,421 shares of the company’s stock valued at $16,333,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Petra Financial Advisors Inc. raised its position in shares of Procter & Gamble by 5.4% during the 4th quarter. Petra Financial Advisors Inc. now owns 1,455 shares of the company’s stock worth $244,000 after purchasing an additional 74 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $152.61 on Wednesday. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43. The firm has a market cap of $357.80 billion, a P/E ratio of 24.22, a PEG ratio of 4.38 and a beta of 0.40. The stock has a fifty day moving average price of $161.54 and a two-hundred day moving average price of $164.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.77%. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on PG. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler upped their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.25.

Procter & Gamble Company 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.