Romano Brothers AND Company Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Romano Brothers AND Company lowered its position in The Procter & Gamble Company (NYSE:PG) by 1.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,420 shares of the company’s stock after selling 307 shares during the quarter. Romano Brothers AND Company’s holdings in Procter & Gamble were worth $4,287,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $3,956,117,000. Charles Schwab Investment Management Inc. boosted its position in shares of Procter & Gamble by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after acquiring an additional 206,165 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Procter & Gamble by 3.2% during the 3rd quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after acquiring an additional 346,925 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Procter & Gamble by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after acquiring an additional 559,358 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $164.92 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The stock has a 50 day moving average price of $165.60 and a two-hundred day moving average price of $158.81. The company has a market capitalization of $389.23 billion, a P/E ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current 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 of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 65.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Six 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

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.