Cary Street Partners Investment Advisory LLC Has $656,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Cary Street Partners Investment Advisory LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 91.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,479 shares of the company’s stock after selling 45,761 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Procter & Gamble were worth $656,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Wendell David Associates Inc. raised its holdings in Procter & Gamble by 0.5% in the 3rd quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock valued at $13,685,000 after acquiring an additional 491 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Procter & Gamble by 9.3% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock valued at $3,490,000 after purchasing an additional 2,043 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Procter & Gamble by 10.8% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock worth $3,016,000 after purchasing an additional 2,011 shares during the period. Modus Advisors LLC increased its holdings in Procter & Gamble by 1.4% in the 3rd quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock valued at $2,233,000 after buying an additional 214 shares during the period. Finally, Signet Investment Advisory Group Inc. increased its holdings in Procter & Gamble by 1.2% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock valued at $3,000,000 after buying an additional 244 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated 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 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. In the last quarter, insiders have sold 55,865 shares of company stock valued at $9,009,280. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company increased their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $163.24 on Wednesday. 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 firm has a 50 day simple moving average of $159.82 and a 200 day simple moving average of $153.91. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32. The firm has a market cap of $385.27 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results 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 return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is presently 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.