The Procter & Gamble Company (NYSE:PG) Shares Sold by Fluent Financial LLC

Fluent Financial LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,392 shares of the company’s stock after selling 252 shares during the period. Procter & Gamble makes up about 2.6% of Fluent Financial LLC’s portfolio, making the stock its 9th biggest holding. Fluent Financial LLC’s holdings in Procter & Gamble were worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Advantage Trust Co acquired a new position in shares of Procter & Gamble during the 4th quarter worth $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.0 %

Shares of Procter & Gamble stock opened at $163.83 on Thursday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock’s 50-day moving average is $165.70 and its 200 day moving average is $159.15. The firm has a market cap of $386.66 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.13 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio is 65.69%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PG shares. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.