1,629 Shares in Procter & Gamble Company (The) (NYSE:PG) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,629 shares of the company's stock, valued at approximately $267,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Unique Wealth LLC lifted its stake in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after acquiring an additional 61 shares during the last quarter. Stableford Capital II LLC lifted its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. boosted its holdings in shares of Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the period. Kolinsky Wealth Management LLC grew its stake in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after buying an additional 64 shares during the last quarter. Finally, Retirement Planning Group LLC raised its holdings in Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PG shares. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Evercore ISI restated an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. 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 research report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, Bank of America lowered their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was 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.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $158.73 on Friday. The stock has a fifty day moving average of $162.65 and a 200-day moving average of $165.74. The stock has a market capitalization of $372.14 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 4.69 and a beta of 0.43. 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 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.66%. Procter & Gamble's dividend payout ratio is presently 67.14%.

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.

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