Legacy Private Trust Co. Cuts Stake in The Procter & Gamble Company (NYSE:PG)

Legacy Private Trust Co. decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,666 shares of the company’s stock after selling 177 shares during the period. Legacy Private Trust Co.’s holdings in Procter & Gamble were worth $2,055,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $28,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $29,000. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Performance

Shares of PG stock opened at $168.30 on Friday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97. The company’s 50-day moving average is $164.59 and its 200 day moving average is $158.01. The company has a market capitalization of $397.21 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. 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 announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the prior year, the firm posted $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

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.