The Procter & Gamble Company (NYSE:PG) Stake Lessened by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,097 shares of the company's stock after selling 35,422 shares during the period. United Capital Financial Advisors LLC's holdings in Procter & Gamble were worth $46,958,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC raised 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 valued at $1,442,000 after buying an additional 82 shares in the last quarter. Principal Financial Group Inc. increased 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 valued at $820,031,000 after purchasing an additional 608,168 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $201,000. Invst LLC boosted its holdings in Procter & Gamble by 0.7% in the third quarter. Invst LLC now owns 15,889 shares of the company's stock valued at $2,752,000 after acquiring an additional 103 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $1,632,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 2.5 %

Shares of NYSE PG traded up $4.20 during trading hours on Friday, hitting $170.59. 7,207,665 shares of the company traded hands, compared to its average volume of 7,060,506. The company's 50 day moving average price is $168.37 and its 200 day moving average price is $168.52. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $400.01 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Insiders Place Their Bets

In other 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 value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last 90 days. 0.18% of the stock is owned by insiders.

Procter & Gamble 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.