Pensionfund Sabic Sells 2,600 Shares of The Procter & Gamble Company (NYSE:PG)

Pensionfund Sabic trimmed its position in The Procter & Gamble Company (NYSE:PG) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,900 shares of the company’s stock after selling 2,600 shares during the quarter. Procter & Gamble makes up 1.0% of Pensionfund Sabic’s holdings, making the stock its 17th largest position. Pensionfund Sabic’s holdings in Procter & Gamble were worth $3,391,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PG. Carolina Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 10.9% during the 1st quarter. Carolina Wealth Advisors LLC now owns 710 shares of the company’s stock worth $115,000 after acquiring an additional 70 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Procter & Gamble by 2.6% during the first quarter. Chickasaw Capital Management LLC now owns 10,106 shares of the company’s stock valued at $1,640,000 after acquiring an additional 260 shares during the last quarter. GAMMA Investing LLC raised its stake in Procter & Gamble by 23.1% during the first quarter. GAMMA Investing LLC now owns 16,026 shares of the company’s stock worth $2,600,000 after buying an additional 3,009 shares during the last quarter. Somerset Trust Co raised its stake in Procter & Gamble by 3.6% during the first quarter. Somerset Trust Co now owns 19,347 shares of the company’s stock worth $3,139,000 after buying an additional 679 shares during the last quarter. Finally, Madison Park Capital Advisors LLC grew its holdings in Procter & Gamble by 5.0% in the first quarter. Madison Park Capital Advisors LLC now owns 1,671 shares of the company’s stock worth $271,000 after purchasing an additional 80 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.6 %

NYSE PG traded up $1.06 during trading on Wednesday, hitting $168.56. The stock had a trading volume of 5,112,634 shares, compared to its average volume of 5,062,846. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market capitalization of $397.83 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97. The stock has a 50 day simple moving average of $163.86 and a 200 day simple moving average of $157.75.

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, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PG shares. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,544 shares of company stock valued at $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble 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.