Brown Advisory Securities LLC Sells 400 Shares of The Procter & Gamble Company (NYSE:PG)

Brown Advisory Securities LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,507 shares of the company’s stock after selling 400 shares during the period. Brown Advisory Securities LLC’s holdings in Procter & Gamble were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Lansing Street Advisors bought a new stake in shares of Procter & Gamble in the 1st quarter valued at $37,000. Western Pacific Wealth Management LP bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $40,000. Retirement Group LLC increased its position in shares of Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. IAG Wealth Partners LLC increased its position in shares of Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after buying an additional 75 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $50,000. Institutional investors own 63.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PG shares. Raymond James upped their price objective on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Truist Financial lowered their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 1st. Wells Fargo & Company lowered their target price on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Finally, Barclays lowered their target price on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Trading Up 0.0 %

Shares of NYSE:PG opened at $144.72 on Friday. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The company has a market capitalization of $347.23 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35. The company has a 50-day simple moving average of $142.90 and a 200 day simple moving average of $151.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.45 and a current ratio of 0.65.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same quarter last year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.913 per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Procter & Gamble Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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