Horizon Wealth Management LLC Invests $304,000 in The Procter & Gamble Company (NYSE:PG)

Horizon Wealth Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,783 shares of the company's stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Procter & Gamble during the fourth quarter valued at $50,049,000. Private Management Group Inc. purchased a new position in Procter & Gamble during the fourth quarter valued at $221,000. Inman Jager Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $1,623,000. Finally, Robertson Stephens Wealth Management LLC lifted its position in Procter & Gamble by 2.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 16,734 shares of the company's stock valued at $2,805,000 after purchasing an additional 444 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

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 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 $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 is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Evercore ISI restated an "outperform" rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $178.86.

Procter & Gamble Trading Up 0.7%

Shares of NYSE PG opened at $164.01 on Friday. The business's 50 day moving average is $164.01 and its two-hundred day moving average is $167.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market capitalization of $384.53 billion, a P/E ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. 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 payout ratio is 66.98%.

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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