IFP Advisors Inc Has $9.60 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

IFP Advisors Inc increased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,300 shares of the company's stock after acquiring an additional 4,801 shares during the period. IFP Advisors Inc's holdings in Procter & Gamble were worth $9,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. OneAscent Financial Services LLC lifted its holdings in Procter & Gamble by 106.9% during the 1st quarter. OneAscent Financial Services LLC now owns 53,550 shares of the company's stock valued at $9,128,000 after purchasing an additional 27,671 shares during the last quarter. Elyxium Wealth LLC raised its position in shares of Procter & Gamble by 38.4% in the first quarter. Elyxium Wealth LLC now owns 17,374 shares of the company's stock valued at $2,961,000 after purchasing an additional 4,820 shares during the period. OneAscent Family Office LLC acquired a new position in shares of Procter & Gamble in the first quarter valued at about $498,000. Berkeley Capital Partners LLC increased its holdings in Procter & Gamble by 1.5% in the 1st quarter. Berkeley Capital Partners LLC now owns 5,749 shares of the company's stock valued at $980,000 after buying an additional 85 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its position in Procter & Gamble by 0.6% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 18,452 shares of the company's stock worth $3,145,000 after buying an additional 105 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. UBS Group cut their price target on Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, 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. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $176.84.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.09 during trading on Wednesday, hitting $158.41. The company had a trading volume of 1,713,950 shares, compared to its average volume of 8,224,612. The business's 50-day moving average is $161.31 and its 200 day moving average is $164.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. The company has a market cap of $371.40 billion, a P/E ratio of 25.14, a PEG ratio of 4.41 and a beta of 0.40.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders 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 2.67%. Procter & Gamble's dividend payout ratio is 67.14%.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. 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.