Arkadios Wealth Advisors Acquires 11,426 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Arkadios Wealth Advisors increased its holdings in Procter & Gamble by 24.7%, now owning 57,636 shares valued at $9.82 million as of the first quarter.
• Procter & Gamble's stock recently traded down 2.5% to $152.73, with a market capitalization of $358.08 billion and a P/E ratio of 23.46.
• The company declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.77%.

Arkadios Wealth Advisors lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,636 shares of the company's stock after purchasing an additional 11,426 shares during the quarter. Arkadios Wealth Advisors' holdings in Procter & Gamble were worth $9,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PG. Cladis Investment Advisory LLC boosted its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after purchasing an additional 236 shares during the period. FAS Wealth Partners Inc. lifted its holdings in Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after buying an additional 4,562 shares during the period. World Investment Advisors increased its stake in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Finally, Yoffe Investment Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $1,874,000. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of PG traded up $0.18 during trading hours on Friday, reaching $150.65. 8,593,060 shares of the stock traded hands, compared to its average volume of 8,268,750. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company's 50-day moving average price is $160.13 and its two-hundred day moving average price is $164.05. The company has a market cap of $353.20 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 4.27 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio is presently 67.14%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble 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.