Lineweaver Wealth Advisors LLC Sells 2,055 Shares of Procter & Gamble Company (The) (NYSE:PG)

Lineweaver Wealth Advisors LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,422 shares of the company's stock after selling 2,055 shares during the period. Lineweaver Wealth Advisors LLC's holdings in Procter & Gamble were worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Navigoe LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. boosted its holdings in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. 10Elms LLP bought a new stake in Procter & Gamble in the 4th quarter worth about $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $34,000. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PG shares. Bank of America cut their target price on Procter & Gamble from $190.00 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 Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $177.25.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 completion of the sale, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction 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 transaction, the insider directly owned 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 disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Up 0.5%

Shares of NYSE:PG traded up $0.79 during midday trading on Wednesday, hitting $153.47. 427,947 shares of the stock traded hands, compared to its average volume of 7,609,331. 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 business's 50 day moving average is $161.54 and its two-hundred day moving average is $164.68. The stock has a market capitalization of $359.82 billion, a PE ratio of 24.39, a P/E/G ratio of 4.38 and a beta of 0.40. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.75%. Procter & Gamble's dividend payout ratio is presently 67.14%.

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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