Barry Investment Advisors LLC Sells 152 Shares of The Procter & Gamble Company (NYSE:PG)

Barry Investment Advisors LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the company’s stock after selling 152 shares during the quarter. Barry Investment Advisors LLC’s holdings in Procter & Gamble were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PG. Teza Capital Management LLC increased its position in shares of Procter & Gamble by 212.9% during the third quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock valued at $625,000 after acquiring an additional 2,915 shares in the last quarter. Ellerson Group Inc. ADV bought a new stake in shares of Procter & Gamble in the 3rd quarter worth $120,000. Legacy Advisors LLC raised its stake in shares of Procter & Gamble by 16.4% in the third quarter. Legacy Advisors LLC now owns 19,112 shares of the company’s stock worth $2,788,000 after purchasing an additional 2,697 shares during the last quarter. Lakeshore Financial Planning Inc. bought a new position in shares of Procter & Gamble during the third quarter valued at $546,000. Finally, Laird Norton Trust Company LLC boosted its position in shares of Procter & Gamble by 12.7% during the third quarter. Laird Norton Trust Company LLC now owns 5,768 shares of the company’s stock valued at $841,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PG shares. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. Jefferies Financial Group increased their price target on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a 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 company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Performance

NYSE PG opened at $164.92 on Monday. The business’s 50 day moving average price is $165.60 and its 200-day moving average price is $158.89. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a market cap of $389.23 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 debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the business posted $1.37 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling

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 sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred 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 owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. 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.