Golden State Wealth Management LLC Increases Holdings in Procter & Gamble Company (The) (NYSE:PG)

Golden State Wealth Management LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 181.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,321 shares of the company's stock after purchasing an additional 9,881 shares during the period. Golden State Wealth Management LLC's holdings in Procter & Gamble were worth $2,612,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PG. Vanguard Group Inc. grew its position in Procter & Gamble by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after buying an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares in the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $5,244,463,000. Northern Trust Corp raised its stake in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after purchasing an additional 1,209,275 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $159.03 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The firm has a market capitalization of $372.85 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 4.73 and a beta of 0.43. The stock has a fifty day moving average of $162.88 and a 200 day moving average of $165.83.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 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 net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. As a group, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.66%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 67.14%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PG. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America reduced their price objective 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. Finally, Raymond James Financial decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on 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 now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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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