LongView Wealth Management Sells 74 Shares of The Procter & Gamble Company (NYSE:PG)

LongView Wealth Management cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,581 shares of the company’s stock after selling 74 shares during the period. LongView Wealth Management’s holdings in Procter & Gamble were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PG. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’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 $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now directly 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 valued at $25,413,051 over the last 90 days. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft cut their target price 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. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Barclays boosted their price target 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. Finally, StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $1.69 during trading hours on Friday, reaching $164.93. 9,253,066 shares of the company’s stock were exchanged, compared to its average volume of 6,596,827. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The company has a market capitalization of $389.26 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The business has a fifty day moving average of $165.60 and a two-hundred day moving average of $158.73. 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 announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a dividend of $1.0065 per share. 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. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 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.