L. Roy Papp & Associates LLP Has $10.96 Million Position in The Procter & Gamble Company (NYSE:PG)

L. Roy Papp & Associates LLP lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 64,337 shares of the company’s stock after selling 89 shares during the quarter. Procter & Gamble accounts for about 1.3% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 24th largest holding. L. Roy Papp & Associates LLP’s holdings in Procter & Gamble were worth $10,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC lifted its stake in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after acquiring an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in shares of Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after acquiring an additional 2,179 shares during the last quarter. Strategic Advisors LLC lifted its stake in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Richard C. Young & CO. LTD. lifted its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after acquiring an additional 2,568 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $166.03 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a 50-day moving average of $164.30 and a 200-day moving average of $167.37. The company has a market cap of $389.26 billion, a PE ratio of 26.44, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. On average, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 66.98%.

Analyst Ratings Changes

A number of research analysts have recently commented on PG shares. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Evercore ISI raised their target price on Procter & Gamble from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

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.