The Procter & Gamble Company (NYSE:PG) Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,652 shares of the company’s stock after selling 79 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Procter & Gamble were worth $268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.5 %

Shares of Procter & Gamble stock opened at $166.62 on Friday. The firm has a market cap of $393.25 billion, a P/E ratio of 27.23, a P/E/G ratio of 3.40 and a beta of 0.42. 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 quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $165.28 and a 200 day moving average price of $158.54.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 business had revenue of $20.20 billion during 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 for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal 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 a boost 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 2.42%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PG. Argus increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered 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. Jefferies Financial Group raised their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a 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 report on Monday, March 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.