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Earned Wealth Advisors LLC Purchases 1,862 Shares of Procter & Gamble Company (The) (NYSE:PG)

Procter & Gamble logo with Consumer Staples background

Key Points

  • Earned Wealth Advisors LLC increased its stake in Procter & Gamble by 105.4% during the first quarter, bringing its total to 3,629 shares valued at $618,000.
  • Multiple institutional investors have recently increased their holdings in Procter & Gamble, with over 65.77% of the stock now owned by such investors.
  • Procter & Gamble announced a quarterly dividend of $1.0568 per share, representing an annualized dividend yield of 2.8% and a payout ratio of 64.98%.
  • MarketBeat previews top five stocks to own in September.

Earned Wealth Advisors LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 105.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,629 shares of the company's stock after purchasing an additional 1,862 shares during the period. Earned Wealth Advisors LLC's holdings in Procter & Gamble were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Brighton Jones LLC increased its position in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $132,293,000. Oarsman Capital Inc. increased its position in shares of Procter & Gamble by 41.0% during the fourth quarter. Oarsman Capital Inc. now owns 7,316 shares of the company's stock valued at $1,227,000 after purchasing an additional 2,126 shares during the period. Finally, Mizuho Bank Ltd. bought a new stake in Procter & Gamble in the fourth quarter valued at $44,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Citigroup decreased their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

Check Out Our Latest Analysis on PG

Procter & Gamble Trading Up 0.1%

Shares of PG opened at $150.65 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The firm has a market capitalization of $353.20 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.97 and a beta of 0.37. The stock's fifty day simple moving average is $159.83 and its 200-day simple moving average is $164.02.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced 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 of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Procter & Gamble Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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