DSG Capital Advisors LLC Buys 135 Shares of Procter & Gamble Company (The) (NYSE:PG)

DSG Capital Advisors LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,320 shares of the company’s stock after buying an additional 135 shares during the period. Procter & Gamble accounts for about 1.2% of DSG Capital Advisors LLC’s portfolio, making the stock its 25th largest position. DSG Capital Advisors LLC’s holdings in Procter & Gamble were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. NewSquare Capital LLC lifted its holdings in shares of 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 buying an additional 140 shares during the period. Navigoe LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. lifted its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the 4th quarter worth about $34,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Raymond James Financial lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.45.

Insider Activity at Procter & Gamble

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

Procter & Gamble Price Performance

Shares of PG opened at $159.29 on Tuesday. The company has a market capitalization of $373.46 billion, a P/E ratio of 25.28, a P/E/G ratio of 4.71 and a beta of 0.43. The business’s 50-day moving average is $162.30 and its two-hundred day moving average is $165.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for 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%. Procter & Gamble’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.65%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is 67.14%.

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.