Coerente Capital Management Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Coerente Capital Management decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,359 shares of the company’s stock after selling 1,837 shares during the period. Procter & Gamble accounts for 0.5% of Coerente Capital Management’s portfolio, making the stock its 24th largest position. Coerente Capital Management’s holdings in Procter & Gamble were worth $2,617,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Ellis Asset Management LLC lifted its position in shares of Procter & Gamble by 18.5% in the 1st quarter. Baker Ellis Asset Management LLC now owns 4,885 shares of the company’s stock worth $833,000 after buying an additional 761 shares during the last quarter. Thompson Investment Management Inc. lifted its position in shares of Procter & Gamble by 1.5% in the 1st quarter. Thompson Investment Management Inc. now owns 23,202 shares of the company’s stock worth $3,954,000 after buying an additional 340 shares during the last quarter. Capital Advisory Group Advisory Services LLC increased its holdings in shares of Procter & Gamble by 10.4% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 3,315 shares of the company’s stock worth $565,000 after acquiring an additional 311 shares during the period. Trinity Financial Advisors LLC increased its stake in Procter & Gamble by 2.3% during the 1st quarter. Trinity Financial Advisors LLC now owns 4,144 shares of the company’s stock valued at $706,000 after buying an additional 95 shares during the period. Finally, Mainsail Financial Group LLC increased its stake in Procter & Gamble by 7.1% during the 1st quarter. Mainsail Financial Group LLC now owns 5,677 shares of the company’s stock valued at $968,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.4%

PG opened at $162.19 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $380.25 billion, a PE ratio of 25.83, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm has a 50-day moving average price of $163.64 and a two-hundred day moving average price of $167.05.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PG shares. Citigroup reduced their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Eight 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 presently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

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.