First Dallas Securities Inc. Has $434,000 Holdings in The Procter & Gamble Company (NYSE:PG)

First Dallas Securities Inc. lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,674 shares of the company’s stock after selling 465 shares during the period. First Dallas Securities Inc.’s holdings in Procter & Gamble were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Hodges Capital Management Inc. increased its stake in Procter & Gamble by 14.7% in the 1st quarter. Hodges Capital Management Inc. now owns 9,912 shares of the company’s stock valued at $1,608,000 after buying an additional 1,273 shares during the last quarter. Occidental Asset Management LLC increased its stake in Procter & Gamble by 14.6% in the 1st quarter. Occidental Asset Management LLC now owns 2,500 shares of the company’s stock valued at $406,000 after buying an additional 318 shares during the last quarter. Independence Bank of Kentucky increased its stake in Procter & Gamble by 7.8% in the 1st quarter. Independence Bank of Kentucky now owns 29,187 shares of the company’s stock valued at $4,736,000 after buying an additional 2,110 shares during the last quarter. Norris Perne & French LLP MI increased its stake in Procter & Gamble by 26.3% in the 1st quarter. Norris Perne & French LLP MI now owns 3,145 shares of the company’s stock valued at $510,000 after buying an additional 655 shares during the last quarter. Finally, OneAscent Wealth Management LLC increased its stake in Procter & Gamble by 24.6% in the 1st quarter. OneAscent Wealth Management LLC now owns 2,240 shares of the company’s stock valued at $363,000 after buying an additional 442 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday. Argus raised their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the sale, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG traded down $1.70 during trading hours on Friday, hitting $164.92. The stock had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The company has a 50 day simple moving average of $165.60 and a two-hundred day simple moving average of $158.73. 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 Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The firm has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.38 and a beta of 0.42.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

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.