The Procter & Gamble Company (NYSE:PG) Position Reduced by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,337 shares of the company’s stock after selling 89 shares during the period. Procter & Gamble accounts for about 1.3% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 24th largest holding. L. Roy Papp & Associates LLP’s holdings in Procter & Gamble were worth $10,964,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $31,000. Hoey Investments Inc. grew its stake in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

PG opened at $166.03 on Thursday. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm has a market capitalization of $389.26 billion, a PE ratio of 26.44, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business’s 50-day simple moving average is $164.30 and its 200 day simple moving average is $167.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.55%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.