Eagle Bluffs Wealth Management LLC Invests $215,000 in Procter & Gamble Company (The) (NYSE:PG)

Eagle Bluffs Wealth Management LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,260 shares of the company’s stock, valued at approximately $215,000.

Several other large investors have also recently modified their holdings of PG. Sheaff Brock Investment Advisors LLC grew its stake in Procter & Gamble by 1.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 48,807 shares of the company’s stock valued at $8,318,000 after acquiring an additional 488 shares in the last quarter. Passive Capital Management LLC. grew its stake in Procter & Gamble by 20.4% during the first quarter. Passive Capital Management LLC. now owns 3,169 shares of the company’s stock valued at $540,000 after acquiring an additional 536 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in Procter & Gamble by 273.6% during the first quarter. University of Texas Texas AM Investment Management Co. now owns 25,259 shares of the company’s stock valued at $4,305,000 after acquiring an additional 18,498 shares in the last quarter. Carrera Capital Advisors grew its stake in Procter & Gamble by 11.9% during the first quarter. Carrera Capital Advisors now owns 1,916 shares of the company’s stock valued at $326,000 after acquiring an additional 203 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. grew its stake in Procter & Gamble by 1.2% during the first quarter. Richards Merrill & Peterson Inc. now owns 9,036 shares of the company’s stock valued at $1,540,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.3%

Shares of PG opened at $158.28 on Monday. The company has a market capitalization of $371.10 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock has a 50-day moving average price of $161.02 and a 200 day moving average price of $164.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.67%. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Analyst Ratings Changes

A number of equities analysts have commented on PG shares. Raymond James Financial cut their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Evercore ISI reissued an “in-line” rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Truist Financial cut their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.12.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

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.