Sunbelt Securities Inc. Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Sunbelt Securities Inc. trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,494 shares of the company’s stock after selling 2,775 shares during the quarter. Procter & Gamble accounts for approximately 0.9% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 18th largest position. Sunbelt Securities Inc.’s holdings in Procter & Gamble were worth $8,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Advantage Trust Co purchased a new position 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 valued at $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $33,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PG. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 0.5 %

Procter & Gamble stock opened at $166.62 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The business has a fifty day moving average price of $165.28 and a 200-day moving average price of $158.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market capitalization of $393.25 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.40 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

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.