Valley National Advisers Inc. Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

Valley National Advisers Inc. reduced its position in The Procter & Gamble Company (NYSE:PG) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,944 shares of the company’s stock after selling 286 shares during the period. Valley National Advisers Inc.’s holdings in Procter & Gamble were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BluePath Capital Management LLC lifted its stake in shares of Procter & Gamble by 174.0% in the 1st quarter. BluePath Capital Management LLC now owns 4,088 shares of the company’s stock valued at $663,000 after purchasing an additional 2,596 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at about $42,000. Svenska Handelsbanken AB publ acquired a new position in shares of Procter & Gamble in the 1st quarter valued at about $24,338,000. KFG Wealth Management LLC lifted its position in Procter & Gamble by 17.3% during the 1st quarter. KFG Wealth Management LLC now owns 7,170 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Procter & Gamble by 1,181.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,174,153 shares of the company’s stock worth $190,506,000 after acquiring an additional 1,082,531 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG opened at $163.76 on Thursday. The company has a market cap of $386.50 billion, a P/E ratio of 26.76, a PEG ratio of 3.13 and a beta of 0.41. The stock has a fifty day moving average price of $165.70 and a 200 day moving average price of $159.15. 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 Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm 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 firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. On average, research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors 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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Analyst Ratings Changes

PG has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value 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 a total of 154,544 shares of company stock worth $25,413,051 in the last three months. 0.17% of the stock is owned by insiders.

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.