McIlrath & Eck LLC Sells 185 Shares of The Procter & Gamble Company (NYSE:PG)

McIlrath & Eck LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,662 shares of the company’s stock after selling 185 shares during the period. McIlrath & Eck LLC’s holdings in Procter & Gamble were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PG. NewSquare Capital LLC boosted its stake in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Navigoe LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the fourth quarter worth $34,000. Finally, 10Elms LLP acquired a new position in Procter & Gamble in the fourth quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG opened at $165.66 on Wednesday. The business has a 50-day moving average of $164.37 and a 200-day moving average of $167.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $388.40 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler boosted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Truist Financial cut their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price target on 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $178.52.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’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 transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock worth $10,999,268 over the last three months. 0.18% of the stock is currently owned by insiders.

About Procter & Gamble

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.