The Procter & Gamble Company (NYSE:PG) Holdings Lowered by Crescent Sterling Ltd.

Crescent Sterling Ltd. decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the company’s stock after selling 229 shares during the quarter. Procter & Gamble accounts for about 3.6% of Crescent Sterling Ltd.’s holdings, making the stock its 6th biggest position. Crescent Sterling Ltd.’s holdings in Procter & Gamble were worth $3,984,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ballast Inc. lifted its stake in Procter & Gamble by 3.0% in the 3rd quarter. Ballast Inc. now owns 14,114 shares of the company’s stock valued at $2,059,000 after buying an additional 408 shares in the last quarter. Culbertson A N & Co. Inc. lifted its stake in Procter & Gamble by 0.4% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 62,390 shares of the company’s stock valued at $9,100,000 after buying an additional 255 shares in the last quarter. Galvin Gaustad & Stein LLC raised its holdings in Procter & Gamble by 3.4% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 90,000 shares of the company’s stock valued at $13,127,000 after acquiring an additional 2,941 shares during the last quarter. Syntegra Private Wealth Group LLC raised its holdings in Procter & Gamble by 1.5% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 4,773 shares of the company’s stock valued at $696,000 after acquiring an additional 71 shares during the last quarter. Finally, SS&H Financial Advisors Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at $10,341,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s 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 owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,865 shares of company stock worth $9,009,280. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target for the company. Wells Fargo & Company boosted their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Up 1.0 %

Shares of PG traded up $1.58 during midday trading on Tuesday, reaching $163.24. 8,105,773 shares of the company were exchanged, compared to its average volume of 6,942,727. The stock has a 50-day moving average price of $159.82 and a 200-day moving average price of $153.91. The company has a market cap of $385.27 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.32. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Company 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.