Roberts Wealth Advisors LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Roberts Wealth Advisors LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,493 shares of the company’s stock after buying an additional 131 shares during the quarter. Procter & Gamble comprises 1.5% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Roberts Wealth Advisors LLC’s holdings in Procter & Gamble were worth $3,799,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PG. North Star Asset Management Inc. lifted its position in Procter & Gamble by 1.4% during the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock worth $3,078,000 after acquiring an additional 258 shares during the period. Eagle Rock Investment Company LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $394,000. Liberty One Investment Management LLC lifted its position in Procter & Gamble by 2.9% during the 4th quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after acquiring an additional 3,754 shares during the period. Adviser Investments LLC lifted its position in Procter & Gamble by 3.1% during the 4th quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock worth $9,840,000 after acquiring an additional 1,793 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in Procter & Gamble by 8.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock worth $13,590,000 after acquiring an additional 6,550 shares during the period. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Shares of NYSE:PG opened at $138.50 on Thursday. The company has a market cap of $332.30 billion, a P/E ratio of 24.17, a P/E/G ratio of 3.74 and a beta of 0.40. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The business has a fifty day simple moving average of $149.68 and a 200-day simple moving average of $154.44.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is 63.70%.

In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the transaction, the chairman now owns 253,933 shares in the company, valued at $41,347,910.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is owned by company insiders.

PG has been the subject of several recent analyst reports. Jefferies Financial Group raised their price target on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Barclays reduced their price target on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. Credit Suisse Group raised their price target on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. JPMorgan Chase & Co. cut Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. Finally, Raymond James raised their price target on Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.80.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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