Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,538 shares of the company’s stock after selling 268 shares during the period. Grandfield & Dodd LLC’s holdings in Procter & Gamble were worth $20,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after buying an additional 284,174 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Procter & Gamble by 50.4% in the 4th quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company’s stock valued at $1,737,000 after buying an additional 3,472 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Procter & Gamble by 1.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 97,421 shares of the company’s stock valued at $16,333,000 after buying an additional 1,806 shares during the period. Finally, Petra Financial Advisors Inc. grew its stake in shares of Procter & Gamble by 5.4% in the 4th quarter. Petra Financial Advisors Inc. now owns 1,455 shares of the company’s stock valued at $244,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Piper Sandler increased their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.25.

Procter & Gamble Price Performance

Shares of PG opened at $152.61 on Wednesday. The firm’s fifty day simple moving average is $161.54 and its 200-day simple moving average is $164.68. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $357.80 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.38 and a beta of 0.40.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.77%. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 directly owned 51,965 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This 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 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.