FORM Wealth Advisors LLC Acquires Shares of 1,915 Procter & Gamble Company (The) (NYSE:PG)

FORM Wealth Advisors LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,915 shares of the company's stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cladis Investment Advisory LLC raised its position 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 acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after acquiring an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Natural Investments LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $2,121,000. Finally, Yoffe Investment Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $1,874,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.3%

PG stock opened at $161.11 on Tuesday. 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 stock has a market capitalization of $377.73 billion, a P/E ratio of 25.57, a P/E/G ratio of 4.69 and a beta of 0.43. The business has a 50-day moving average of $163.19 and a 200-day moving average of $165.91. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.62%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is presently 67.14%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PG. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. Evercore ISI reiterated an "outperform" rating and issued a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.

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