Curi RMB Capital LLC Sells 4,812 Shares of The Procter & Gamble Company (NYSE:PG)

Curi RMB Capital LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,843 shares of the company's stock after selling 4,812 shares during the quarter. Curi RMB Capital LLC's holdings in Procter & Gamble were worth $2,824,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PG. Howard Capital Management Group LLC grew its position in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after buying an additional 82 shares during the period. Principal Financial Group Inc. grew its holdings in Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after purchasing an additional 608,168 shares during the period. Garden State Investment Advisory Services LLC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $201,000. Invst LLC lifted its holdings in shares of Procter & Gamble by 0.7% during the third quarter. Invst LLC now owns 15,889 shares of the company's stock valued at $2,752,000 after purchasing an additional 103 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $1,632,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on PG. Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Truist Financial increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Tuesday. Piper Sandler cut their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Procter & Gamble Stock Performance

PG stock traded down $7.80 during midday trading on Thursday, reaching $157.93. 9,322,469 shares of the company's stock traded hands, compared to its average volume of 7,054,015. The Procter & Gamble Company has a 52-week low of $156.61 and a 52-week high of $180.43. The stock's 50-day moving average is $168.31 and its 200 day moving average is $168.43. The stock has a market cap of $370.32 billion, a P/E ratio of 25.14, a PEG ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03). Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the company earned $1.52 EPS. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 67.20%.

Insider Activity

In related news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.