Caliber Wealth Management LLC KS Purchases New Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Caliber Wealth Management LLC KS has acquired 13,068 shares of Procter & Gamble Company, valued at approximately $2.23 million, as reported in their latest SEC filing.
• Procter & Gamble reported a quarterly earnings of $1.54 EPS, beating consensus estimates, but experienced a revenue decline of 2.1% year-over-year, totaling $19.78 billion.
• The company announced a quarterly dividend of $1.0568 per share, representing a 2.66% yield, with the ex-dividend date set for July 18th.

Caliber Wealth Management LLC KS bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,068 shares of the company's stock, valued at approximately $2,227,000.

Several other large investors have also modified their holdings of the business. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. raised its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. 10Elms LLP bought a new position in Procter & Gamble in the fourth quarter worth approximately $34,000. Finally, Sunbeam Capital Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

PG traded down $0.06 during midday trading on Tuesday, hitting $157.05. 5,680,350 shares of the company were exchanged, compared to its average volume of 8,199,172. The company's 50 day simple moving average is $160.86 and its 200 day simple moving average is $164.24. The firm has a market capitalization of $368.22 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PG. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $176.12.

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.