Colton Groome Financial Advisors LLC Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Colton Groome Financial Advisors LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 5.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,938 shares of the company’s stock after selling 105 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Procter & Gamble were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new stake in Procter & Gamble in the fourth quarter valued at about $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 over the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $162.54 on Tuesday. 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 business’s 50 day moving average price is $165.60 and its 200-day moving average price is $158.89. The firm has a market capitalization of $383.62 billion, a PE ratio of 26.59, a P/E/G ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion for 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 business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.48%. Procter & Gamble’s payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.