Fiduciary Wealth Partners LLC Takes Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Fiduciary Wealth Partners LLC has acquired 2,683 shares of Procter & Gamble, valuing approximately $457,000, making it the fund's 17th largest position.
• Several institutional investors, including Mizuho Securities, have also increased their stakes or established new positions in Procter & Gamble, which is currently owned 65.77% by institutional investors.
• Procter & Gamble recently reported earnings per share of $1.48 for the last quarter, exceeding analysts’ expectations, while also announcing a quarterly dividend of $1.0568 per share, yielding 2.8%.

Fiduciary Wealth Partners LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,683 shares of the company's stock, valued at approximately $457,000. Procter & Gamble comprises approximately 0.4% of Fiduciary Wealth Partners LLC's holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navigoe LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP acquired a new position in Procter & Gamble in the 4th quarter valued at about $34,000. Sunbeam Capital Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction 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. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on PG shares. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble Trading Up 0.1%

NYSE:PG opened at $150.65 on Friday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The stock has a market cap of $353.20 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.96 and a beta of 0.37. The business has a fifty day moving average of $159.83 and a 200-day moving average of $163.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities 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. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. 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 (DPR) is currently 67.14%.

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.

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