The Procter & Gamble Company (NYSE:PG) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,734 shares of the company’s stock after selling 139 shares during the period. Toth Financial Advisory Corp’s holdings in Procter & Gamble were worth $7,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Courier Capital LLC grew its stake in Procter & Gamble by 8.2% during the 1st quarter. Courier Capital LLC now owns 38,863 shares of the company’s stock valued at $6,623,000 after purchasing an additional 2,936 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Wesbanco Bank Inc. now owns 254,391 shares of the company’s stock valued at $43,353,000 after buying an additional 2,704 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Procter & Gamble by 3.4% during the first quarter. First Citizens Bank & Trust Co. now owns 139,038 shares of the company’s stock worth $23,695,000 after buying an additional 4,550 shares in the last quarter. Sherman Asset Management Inc. increased its stake in shares of Procter & Gamble by 5.6% in the first quarter. Sherman Asset Management Inc. now owns 2,674 shares of the company’s stock worth $456,000 after buying an additional 143 shares during the last quarter. Finally, Abacus Planning Group Inc. raised its holdings in Procter & Gamble by 1.2% in the first quarter. Abacus Planning Group Inc. now owns 5,759 shares of the company’s stock valued at $981,000 after acquiring an additional 67 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PG. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Trading Up 0.7%

Shares of NYSE:PG opened at $164.01 on Monday. The company has a 50 day moving average of $164.01 and a 200-day moving average of $167.21. 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 firm has a market cap of $384.53 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. 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 released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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

Insiders Place Their Bets

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 value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% 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 company insiders.

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.