Guyasuta Investment Advisors Inc. Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Guyasuta Investment Advisors Inc. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 100,825 shares of the company’s stock after selling 90 shares during the quarter. Procter & Gamble makes up about 1.1% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Procter & Gamble were worth $16,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Demars Financial Group LLC raised its stake in shares of Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after purchasing an additional 63 shares during the last quarter. Emerald Advisors LLC increased its holdings in Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after buying an additional 65 shares in the last quarter. O Brien Wealth Partners LLC increased its holdings in Procter & Gamble by 3.3% in the 4th 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 raised its position in Procter & Gamble by 0.4% in the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after buying an additional 65 shares during the last quarter. Finally, LWM Advisory Services LLC lifted its stake in Procter & Gamble by 2.1% during the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock valued at $461,000 after acquiring an additional 66 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated 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 completion of the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,544 shares of company stock worth $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PG shares. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. BNP Paribas began coverage on Procter & Gamble in a research report on Monday. They set an “outperform” rating and a $187.00 price objective for the company. Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $1.69 during mid-day trading on Friday, reaching $164.93. The company’s stock had a trading volume of 9,253,066 shares, compared to its average volume of 6,596,827. The stock has a fifty day moving average of $165.60 and a two-hundred day moving average of $158.73. The firm has a market capitalization of $389.26 billion, a PE ratio of 26.95, a P/E/G ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week 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.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the firm posted $1.37 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s 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.