Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 102.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,724 shares of the company's stock after purchasing an additional 1,889 shares during the quarter. Jackson Thornton Wealth Management LLC's holdings in Procter & Gamble were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Navigoe LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $34,000. Finally, 10Elms LLP purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.4%

Shares of Procter & Gamble stock traded down $0.64 during trading on Monday, hitting $160.19. 4,382,012 shares of the stock traded hands, compared to its average volume of 8,135,023. The firm has a market cap of $375.58 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 4.58 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 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 stock's fifty day simple moving average is $162.10 and its 200 day simple moving average is $165.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend 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 67.14%.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider 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 transaction 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 Procter & Gamble stock in a transaction dated 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 directly owned 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. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

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.