Royal Fund Management LLC Sells 503 Shares of The Procter & Gamble Company (NYSE:PG)

Royal Fund Management LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,382 shares of the company’s stock after selling 503 shares during the quarter. Royal Fund Management LLC’s holdings in Procter & Gamble were worth $4,603,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AJOVista LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $57,000. Provence Wealth Management Group raised its position in Procter & Gamble by 18.5% in the 4th quarter. Provence Wealth Management Group now owns 5,475 shares of the company’s stock valued at $802,000 after purchasing an additional 853 shares during the last quarter. Sapient Capital LLC bought a new position in Procter & Gamble in the 4th quarter valued at $10,511,000. W Advisors LLC grew its holdings in shares of Procter & Gamble by 3.5% during the fourth quarter. W Advisors LLC now owns 5,633 shares of the company’s stock worth $825,000 after purchasing an additional 191 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Procter & Gamble by 11.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 115,395 shares of the company’s stock valued at $16,910,000 after buying an additional 12,017 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Trading Up 0.4 %

Procter & Gamble stock traded up $0.62 during mid-day trading on Friday, hitting $164.46. 5,581,692 shares of the company’s stock were exchanged, compared to its average volume of 6,941,715. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.71. 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 firm has a market capitalization of $388.15 billion, a P/E ratio of 26.87, a PEG ratio of 3.34 and a beta of 0.43. The company’s 50 day simple moving average is $160.01 and its 200-day simple moving average is $154.17.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the business posted $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was 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 owns 9,739 shares in the company, valued at approximately $1,586,483.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction 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 sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,586,483.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,865 shares of company stock valued at $14,059,180. 0.17% of the stock is owned by corporate insiders.

About Procter & Gamble

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.