Procter & Gamble Company (The) $PG Shares Sold by Heritage Financial Services LLC

Heritage Financial Services LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,386 shares of the company’s stock after selling 113 shares during the quarter. Procter & Gamble comprises 0.2% of Heritage Financial Services LLC’s portfolio, making the stock its 19th largest position. Heritage Financial Services LLC’s holdings in Procter & Gamble were worth $2,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Venture Visionary Partners LLC raised its stake in Procter & Gamble by 4.1% during the first quarter. Venture Visionary Partners LLC now owns 104,355 shares of the company’s stock valued at $17,784,000 after buying an additional 4,109 shares in the last quarter. Credit Agricole S A raised its position in shares of Procter & Gamble by 36.3% during the 1st quarter. Credit Agricole S A now owns 1,630,819 shares of the company’s stock worth $277,924,000 after purchasing an additional 434,050 shares during the period. JT Stratford LLC increased its position in Procter & Gamble by 317.3% in the 1st quarter. JT Stratford LLC now owns 13,622 shares of the company’s stock valued at $2,321,000 after acquiring an additional 10,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Procter & Gamble by 16.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 720,479 shares of the company’s stock valued at $122,784,000 after acquiring an additional 101,834 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in Procter & Gamble by 12.3% in the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 22,453 shares of the company’s stock valued at $3,826,000 after acquiring an additional 2,460 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $155.68 on Tuesday. The stock has a market cap of $364.66 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37. The business has a fifty day simple moving average of $157.05 and a 200-day simple moving average of $163.17. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. Procter & Gamble’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

Wall Street Analyst Weigh In

Several analysts recently commented on PG shares. Raymond James Financial lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Citigroup lowered their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Wells Fargo & Company decreased their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $175.94.

Procter & Gamble Company 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.