Northwest Capital Management Inc Cuts Stake in The Procter & Gamble Company (NYSE:PG)

Northwest Capital Management Inc cut its holdings in The Procter & Gamble Company (NYSE:PG) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,039 shares of the company’s stock after selling 91 shares during the period. Procter & Gamble comprises approximately 1.6% of Northwest Capital Management Inc’s portfolio, making the stock its 14th largest holding. Northwest Capital Management Inc’s holdings in Procter & Gamble were worth $5,036,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PG. Advantage Trust Co purchased a new stake in Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $29,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC bought a new position in Procter & Gamble during the 4th quarter valued at approximately $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday. Argus boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of the company’s 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 directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the business’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 transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the 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 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 three months, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.5 %

Procter & Gamble stock opened at $167.73 on Friday. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $168.97. The company has a market capitalization of $395.87 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The business’s fifty day simple moving average is $164.33 and its two-hundred day simple moving average is $157.89. 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 announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. As a group, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.