The Procter & Gamble Company (NYSE:PG) is Armstrong Henry H Associates Inc.’s 3rd Largest Position

Armstrong Henry H Associates Inc. lessened its stake in The Procter & Gamble Company (NYSE:PG) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 397,378 shares of the company’s stock after selling 1,376 shares during the quarter. Procter & Gamble comprises 6.3% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 3rd largest holding. Armstrong Henry H Associates Inc.’s holdings in Procter & Gamble were worth $64,475,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advantage Trust Co acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.59 during trading hours on Friday, hitting $168.26. The stock had a trading volume of 14,682,061 shares, compared to its average volume of 5,021,979. 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 stock has a market capitalization of $397.12 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.97. The stock’s fifty day moving average is $164.59 and its two-hundred day moving average is $158.09.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company 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 was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research reports. Argus boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $169.76.

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.