The Procter & Gamble Company (NYSE:PG) Shares Sold by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 36.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 679 shares of the company’s stock after selling 383 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Procter & Gamble were worth $111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advantage Trust Co purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.1 %

Shares of NYSE PG opened at $163.76 on Thursday. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a market cap of $386.50 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.13 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $165.70 and a 200 day moving average price of $159.15.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, April 18th. 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 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Insider Activity

In other news, 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 transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction dated 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 transaction, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, 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 ninety days. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Jefferies Financial Group increased their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. BNP Paribas began coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

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.