High Net Worth Advisory Group LLC grew its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,236 shares of the company’s stock after acquiring an additional 261 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Procter & Gamble were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC lifted its position in Procter & Gamble by 6.3% in the first quarter. Ballentine Partners LLC now owns 52,303 shares of the company’s stock worth $8,486,000 after purchasing an additional 3,112 shares during the period. Royal Fund Management LLC lifted its position in Procter & Gamble by 2.0% in the first quarter. Royal Fund Management LLC now owns 32,010 shares of the company’s stock worth $5,198,000 after purchasing an additional 628 shares during the period. Security Financial Services INC. lifted its position in Procter & Gamble by 10.8% in the first quarter. Security Financial Services INC. now owns 4,613 shares of the company’s stock worth $749,000 after purchasing an additional 448 shares during the period. Compton Wealth Advisory Group LLC lifted its position in Procter & Gamble by 2.9% in the first quarter. Compton Wealth Advisory Group LLC now owns 9,231 shares of the company’s stock worth $1,498,000 after purchasing an additional 261 shares during the period. Finally, Catalyst Private Wealth LLC bought a new position in Procter & Gamble in the first quarter worth $251,000. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Trading Up 0.2 %
NYSE PG opened at $168.52 on Tuesday. The stock has a market capitalization of $397.73 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.42 and a beta of 0.42. The stock’s 50 day moving average price is $164.85 and its two-hundred day moving average price is $158.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41.
Procter & Gamble (NYSE:PG – Get Free Report) last released 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 analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s payout ratio is 65.85%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on PG shares. BNP Paribas started coverage on Procter & Gamble in a research report on Monday. They issued an “outperform” rating and a $187.00 target price for the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Finally, Jefferies Financial Group lifted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.
View Our Latest Stock Report on Procter & Gamble
Insiders Place Their Bets
In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the business’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 value of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 in the last 90 days. 0.17% of the stock is currently owned by insiders.
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.
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