Alpha Omega Wealth Management LLC Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Alpha Omega Wealth Management LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,337 shares of the company’s stock after selling 491 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Procter & Gamble were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $31,000. Hoey Investments Inc. lifted its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PG shares. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Evercore ISI reissued an “outperform” rating and set a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. 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 Procter & Gamble 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 now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.1%

Shares of PG stock opened at $162.68 on Wednesday. The company has a 50-day moving average of $163.67 and a two-hundred day moving average of $167.08. 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 Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm has a market cap of $381.40 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share 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%. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

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.