Chapin Davis Inc. Sells 480 Shares of The Procter & Gamble Company (NYSE:PG)

Chapin Davis Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,159 shares of the company’s stock after selling 480 shares during the quarter. Procter & Gamble comprises about 0.8% of Chapin Davis Inc.’s investment portfolio, making the stock its 27th largest holding. Chapin Davis Inc.’s holdings in Procter & Gamble were worth $2,297,000 at the end of the most recent quarter.

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

Procter & Gamble Stock Performance

NYSE:PG opened at $165.40 on Monday. The company has a fifty day moving average of $165.60 and a 200-day moving average of $158.89. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The firm has a market capitalization of $390.37 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during 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 firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PG shares. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Argus increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Insider Activity

In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal 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 dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last three months. 0.17% of the stock is currently owned by insiders.

Procter & Gamble 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.