Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PG) by 65.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,623 shares of the company’s stock after purchasing an additional 11,302 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Procter & Gamble were worth $4,878,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock valued at $9,457,000,000 after acquiring an additional 1,267,419 shares during the period. Northern Trust Corp grew its stake in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Procter & Gamble by 13.6% in the fourth quarter. Invesco Ltd. now owns 11,265,453 shares of the company’s stock valued at $1,888,653,000 after purchasing an additional 1,345,501 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Procter & Gamble by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company’s stock worth $1,628,252,000 after purchasing an additional 267,534 shares during 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 stock opened at $156.70 on Wednesday. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $160.68 and a 200-day simple moving average of $164.19. The stock has a market cap of $367.38 billion, a P/E ratio of 24.87, a P/E/G ratio of 4.48 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s payout ratio is currently 67.14%.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Raymond James Financial lowered their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. UBS Group dropped their target price on Procter & Gamble from $186.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.12.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was 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 owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.