Procter & Gamble Company (The) (NYSE:PG) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,391 shares of the company’s stock after selling 68 shares during the period. JNBA Financial Advisors’ holdings in Procter & Gamble were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Kampmann Melissa S. increased its holdings in Procter & Gamble by 0.8% in the 1st quarter. Kampmann Melissa S. now owns 26,659 shares of the company’s stock worth $4,543,000 after acquiring an additional 220 shares in the last quarter. Mather Group LLC. increased its stake in shares of Procter & Gamble by 60.0% during the first quarter. Mather Group LLC. now owns 270,716 shares of the company’s stock worth $46,135,000 after purchasing an additional 101,498 shares in the last quarter. Alta Advisers Ltd raised its position in shares of Procter & Gamble by 47.7% during the 1st quarter. Alta Advisers Ltd now owns 11,618 shares of the company’s stock worth $1,980,000 after purchasing an additional 3,750 shares during the last quarter. Cypress Capital LLC lifted its stake in Procter & Gamble by 2.0% in the 1st quarter. Cypress Capital LLC now owns 15,714 shares of the company’s stock valued at $2,678,000 after buying an additional 309 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its holdings in Procter & Gamble by 1.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 9,647 shares of the company’s stock worth $1,644,000 after buying an additional 158 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

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

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered 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 investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.45.

Procter & Gamble Stock Down 0.4%

Shares of NYSE PG opened at $159.29 on Tuesday. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The business’s 50 day moving average is $162.30 and its two-hundred day moving average is $165.50. The firm has a market cap of $373.46 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 4.71 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last posted its 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. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. Research analysts predict 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. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. 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 yield of 2.65%. Procter & Gamble’s dividend payout ratio is 67.14%.

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.