Richard C. Young & CO. LTD. Has $21.09 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Richard C. Young & CO. LTD. decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.1% in the 1st quarter, Holdings Channel reports. The fund owned 123,760 shares of the company’s stock after selling 93 shares during the quarter. Procter & Gamble accounts for approximately 2.3% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 9th biggest position. Richard C. Young & CO. LTD.’s holdings in Procter & Gamble were worth $21,091,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PG. Vanguard Group Inc. lifted its stake in Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock valued at $38,524,976,000 after acquiring an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock valued at $9,457,000,000 after purchasing an additional 1,267,419 shares in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $5,244,463,000. Northern Trust Corp increased its position in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock worth $3,386,194,000 after purchasing an additional 1,209,275 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $153.68 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $161.43 and its two-hundred day moving average price is $164.61. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. The company has a market cap of $360.31 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 4.35 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company 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 18.46% and a return on equity of 32.67%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued 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 2.75%. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 $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. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PG. Piper Sandler upped their price objective 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. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Bank of America reduced their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.