Northwest Capital Management Inc Sells 7,507 Shares of Procter & Gamble Company (The) (NYSE:PG)

Northwest Capital Management Inc reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 19.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 30,162 shares of the company’s stock after selling 7,507 shares during the period. Procter & Gamble makes up about 2.1% of Northwest Capital Management Inc’s holdings, making the stock its 11th largest holding. Northwest Capital Management Inc’s holdings in Procter & Gamble were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cladis Investment Advisory LLC grew its holdings in Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after buying an additional 236 shares in the last quarter. FAS Wealth Partners Inc. grew its holdings in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock valued at $6,426,000 after buying an additional 4,562 shares in the last quarter. World Investment Advisors grew its holdings in Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after buying an additional 2,886 shares in the last quarter. Finally, Yoffe Investment Management LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $1,874,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 1.0%

Shares of PG opened at $156.95 on Friday. The firm has a market capitalization of $367.98 billion, a P/E ratio of 24.91, a P/E/G ratio of 4.51 and a beta of 0.40. Procter & Gamble Company has a 12-month low of $155.95 and a 12-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 fifty day moving average price of $161.77 and a 200-day moving average price of $164.94.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates 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 was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Evercore ISI restated an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Truist Financial reduced their price target on shares of 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, JPMorgan Chase & Co. reduced 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 report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.45.

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.