Cetera Investment Advisers Boosts Position in Procter & Gamble Company (The) (NYSE:PG)

Cetera Investment Advisers grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 779,440 shares of the company's stock after buying an additional 66,897 shares during the quarter. Cetera Investment Advisers' holdings in Procter & Gamble were worth $132,832,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 owned 25,182 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

PG stock traded down $0.53 during midday trading on Friday, reaching $158.28. 5,799,883 shares of the company were exchanged, compared to its average volume of 9,070,670. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The business has a 50-day moving average price of $161.02 and a two-hundred day moving average price of $164.22. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The firm has a market capitalization of $371.10 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 4.52 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PG. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial lowered their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $176.12.

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.