ST Germain D J Co. Inc. Lowers Position in The Procter & Gamble Company (NYSE:PG)

ST Germain D J Co. Inc. decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,151 shares of the company’s stock after selling 909 shares during the period. Procter & Gamble accounts for 1.6% of ST Germain D J Co. Inc.’s portfolio, making the stock its 12th largest position. ST Germain D J Co. Inc.’s holdings in Procter & Gamble were worth $31,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Demars Financial Group LLC raised its stake in shares of Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares during the period. Emerald Advisors LLC raised its stake in shares of Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares during the period. O Brien Wealth Partners LLC grew its position in shares of Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after buying an additional 65 shares in the last quarter. Mechanics Financial Corp grew its position in shares of Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after buying an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC grew its position in shares of Procter & Gamble by 2.1% during the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after buying an additional 66 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PG. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $169.76.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded up $1.06 during trading hours on Tuesday, reaching $168.56. 5,106,807 shares of the company’s stock were exchanged, compared to its average volume of 6,491,917. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $168.97. The stock has a market capitalization of $397.83 billion, a P/E ratio of 27.47, a P/E/G ratio of 3.39 and a beta of 0.42. The business has a fifty day moving average price of $163.63 and a 200-day moving average price of $157.64. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during 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%. Procter & Gamble’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 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.