The Procter & Gamble Company (NYSE:PG) Holdings Trimmed by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,398 shares of the company’s stock after selling 127 shares during the period. SRS Capital Advisors Inc.’s holdings in Procter & Gamble were worth $498,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PG. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter worth $56,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The sale was disclosed in a filing with the SEC, which is available at this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,586,483.10. The disclosure for this sale can be found here. Insiders sold a total of 86,865 shares of company stock worth $14,059,180 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of analyst reports. Argus raised their target price 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 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.62 on Friday, hitting $164.46. 5,577,808 shares of the company were exchanged, compared to its average volume of 6,918,823. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $159.94 and a 200 day moving average price of $154.04. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.71. The stock has a market capitalization of $388.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its 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. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is 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.