The Procter & Gamble Company (NYSE:PG) Shares Sold by West Coast Financial LLC

West Coast Financial LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 62.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,533 shares of the company’s stock after selling 44,948 shares during the quarter. West Coast Financial LLC’s holdings in Procter & Gamble were worth $4,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advantage Trust Co purchased a new stake in Procter & Gamble during the 4th quarter worth about $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related 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 value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, 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 transaction of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, BNP Paribas began coverage on Procter & Gamble in a report on Monday. They issued an “outperform” rating and a $187.00 target price for the company. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Procter & Gamble Stock Performance

NYSE PG traded down $2.09 on Tuesday, hitting $166.36. 3,088,305 shares of the company’s stock were exchanged, compared to its average volume of 6,556,853. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm’s 50-day moving average price is $164.85 and its two-hundred day moving average price is $158.32. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The firm has a market cap of $392.63 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 3.42 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results 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 company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.69%.

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.