Fiduciary Alliance LLC Sells 204 Shares of The Procter & Gamble Company (NYSE:PG)

Fiduciary Alliance LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,200 shares of the company’s stock after selling 204 shares during the quarter. Fiduciary Alliance LLC’s holdings in Procter & Gamble were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Sandy Cove Advisors LLC grew its stake in Procter & Gamble by 80.9% in the 1st quarter. Sandy Cove Advisors LLC now owns 4,474 shares of the company’s stock worth $726,000 after acquiring an additional 2,001 shares in the last quarter. D.B. Root & Company LLC purchased a new stake in shares of Procter & Gamble in the first quarter valued at approximately $318,000. Trilogy Capital Inc. grew its stake in Procter & Gamble by 111.2% in the first quarter. Trilogy Capital Inc. now owns 3,763 shares of the company’s stock worth $611,000 after purchasing an additional 1,981 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in Procter & Gamble by 2.8% during the 1st quarter. Red Door Wealth Management LLC now owns 45,822 shares of the company’s stock worth $7,435,000 after purchasing an additional 1,263 shares during the period. Finally, Cornerstone Wealth Group LLC raised its position in Procter & Gamble by 14.7% during the 1st quarter. Cornerstone Wealth Group LLC now owns 50,652 shares of the company’s stock valued at $8,218,000 after purchasing an additional 6,503 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated 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 completion of 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 is accessible through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on 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 owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PG. Argus increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. BNP Paribas assumed coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Finally, StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Trading Down 1.0 %

Shares of Procter & Gamble stock opened at $164.92 on Monday. The firm’s 50 day simple moving average is $165.60 and its two-hundred day simple moving average is $158.89. The firm has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.44%. 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 is 65.85%.

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.