Integrated Investment Consultants LLC Buys 2,953 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Integrated Investment Consultants LLC increased its stake in Procter & Gamble by 30%, acquiring an additional 2,953 shares, bringing its total holdings to 12,781 shares valued at approximately $2.18 million.
• Procter & Gamble's quarterly earnings report showed an EPS of $1.54, slightly surpassing analyst expectations, though revenue experienced a 2.1% decline year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, which will be paid on August 15th, representing an annual yield of 2.67%.

Integrated Investment Consultants LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 30.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,781 shares of the company's stock after buying an additional 2,953 shares during the period. Integrated Investment Consultants LLC's holdings in Procter & Gamble were worth $2,178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PG. Unique Wealth LLC boosted its position in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC boosted its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. boosted its position in shares of Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after purchasing an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC raised its stake in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 sale, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Raymond James Financial dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. 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. Barclays upped their price target on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $176.12.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $158.28 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a market cap of $371.10 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 4.52 and a beta of 0.40. The business has a 50 day moving average price of $161.02 and a 200-day moving average price of $164.22. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share. Equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 67.14%.

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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