Woodley Farra Manion Portfolio Management Inc. Trims Stake in Procter & Gamble Company (The) (NYSE:PG)

Woodley Farra Manion Portfolio Management Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 23.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,320 shares of the company’s stock after selling 728 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Procter & Gamble were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. boosted its stake in shares of Procter & Gamble by 4.4% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 67,999 shares of the company’s stock worth $11,589,000 after acquiring an additional 2,850 shares in the last quarter. Dearborn Partners LLC raised its holdings in Procter & Gamble by 205.2% in the 1st quarter. Dearborn Partners LLC now owns 208,225 shares of the company’s stock worth $35,486,000 after purchasing an additional 140,004 shares during the period. Arkadios Wealth Advisors boosted its position in Procter & Gamble by 24.7% during the first quarter. Arkadios Wealth Advisors now owns 57,636 shares of the company’s stock worth $9,822,000 after purchasing an additional 11,426 shares in the last quarter. Tredje AP fonden grew its holdings in Procter & Gamble by 12.9% in the first quarter. Tredje AP fonden now owns 805,045 shares of the company’s stock valued at $137,196,000 after purchasing an additional 92,041 shares during the period. Finally, Brucke Financial Inc. increased its position in shares of Procter & Gamble by 3.6% in the first quarter. Brucke Financial Inc. now owns 2,241 shares of the company’s stock valued at $364,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research analyst reports. UBS Group dropped their price target on shares of Procter & Gamble from $186.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Barclays raised their price target on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $176.12.

Procter & Gamble Stock Down 0.3%

Shares of NYSE:PG opened at $156.70 on Wednesday. The business has a 50-day moving average price of $160.68 and a 200 day moving average price of $164.19. Procter & Gamble Company has a 12-month low of $151.90 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 company has a market capitalization of $367.38 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 4.48 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 18.46% and a return on equity of 32.67%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.40 earnings per share. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders 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 yield of 2.70%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate 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.