Wayfinding Financial LLC Sells 347 Shares of Procter & Gamble Company (The) (NYSE:PG)

Wayfinding Financial LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,287 shares of the company’s stock after selling 347 shares during the period. Wayfinding Financial LLC’s holdings in Procter & Gamble were worth $1,412,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Proficio Capital Partners LLC increased its position in Procter & Gamble by 50.4% during the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company’s stock worth $1,737,000 after buying an additional 3,472 shares during the last quarter. Dana Investment Advisors Inc. increased its position in Procter & Gamble by 10.0% during the fourth quarter. Dana Investment Advisors Inc. now owns 41,605 shares of the company’s stock worth $6,975,000 after buying an additional 3,784 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in shares of Procter & Gamble by 24.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 18,808 shares of the company’s stock valued at $3,153,000 after purchasing an additional 3,638 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

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

Procter & Gamble Price Performance

PG stock opened at $160.72 on Friday. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a market cap of $376.82 billion, a P/E ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The firm has a 50-day moving average of $162.10 and a 200 day moving average of $165.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PG shares. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.45.

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.