Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by United Advisor Group LLC

United Advisor Group LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 22.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,142 shares of the company’s stock after purchasing an additional 3,925 shares during the period. United Advisor Group LLC’s holdings in Procter & Gamble were worth $3,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC boosted its position in Procter & Gamble by 28.3% in the 1st quarter. ORG Wealth Partners LLC now owns 3,600 shares of the company’s stock valued at $615,000 after buying an additional 794 shares during the last quarter. Well Done LLC lifted its stake in shares of Procter & Gamble by 1.8% in the first quarter. Well Done LLC now owns 13,858 shares of the company’s stock worth $2,323,000 after acquiring an additional 251 shares in the last quarter. Sterling Investment Counsel LLC grew its stake in Procter & Gamble by 133.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 3,982 shares of the company’s stock valued at $679,000 after purchasing an additional 2,278 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in Procter & Gamble by 1.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 15,166 shares of the company’s stock worth $2,585,000 after purchasing an additional 197 shares during the last quarter. Finally, Duncan Williams Asset Management LLC raised its position in shares of Procter & Gamble by 4.1% in the 1st quarter. Duncan Williams Asset Management LLC now owns 6,680 shares of the company’s stock valued at $1,138,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Truist Financial decreased 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 report on Friday, April 25th. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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 research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Stock Performance

Shares of PG opened at $157.86 on Friday. The firm has a market capitalization of $370.11 billion, a PE ratio of 25.06, a P/E/G ratio of 4.66 and a beta of 0.43. 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 firm has a 50-day moving average price of $163.51 and a 200 day moving average price of $166.25. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43.

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

Procter & Gamble Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 67.14%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction 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 trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.