Dumont & Blake Investment Advisors LLC Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Dumont & Blake Investment Advisors LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,810 shares of the company’s stock after selling 423 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,754,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Argus raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Down 1.0 %

PG stock opened at $164.92 on Monday. The stock 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 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company has a 50 day moving average price of $165.60 and a two-hundred day moving average price of $158.89.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

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

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’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 sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 in the last ninety days. Company 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.