The Procter & Gamble Company (NYSE:PG) Shares Bought by Marion Wealth Management

Marion Wealth Management increased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 190.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,609 shares of the company's stock after acquiring an additional 7,612 shares during the period. Marion Wealth Management's holdings in Procter & Gamble were worth $1,978,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PG. Stolper Co lifted its holdings in Procter & Gamble by 0.8% during the 1st quarter. Stolper Co now owns 12,332 shares of the company's stock worth $2,102,000 after buying an additional 93 shares during the last quarter. Rooted Wealth Advisors Inc. lifted its holdings in Procter & Gamble by 5.8% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 2,936 shares of the company's stock worth $481,000 after buying an additional 160 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in Procter & Gamble by 1.7% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 120,884 shares of the company's stock worth $20,601,000 after buying an additional 1,984 shares during the last quarter. Investors Research Corp lifted its holdings in Procter & Gamble by 90.0% during the 1st quarter. Investors Research Corp now owns 606 shares of the company's stock worth $103,000 after buying an additional 287 shares during the last quarter. Finally, Fulcrum Capital LLC lifted its holdings in Procter & Gamble by 16.7% during the 1st quarter. Fulcrum Capital LLC now owns 3,123 shares of the company's stock worth $532,000 after buying an additional 448 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Citigroup reduced their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Truist Financial reduced their target price on Procter & Gamble from $185.00 to $180.00 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, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.52.

Procter & Gamble Stock Performance

NYSE PG traded down $2.24 on Monday, hitting $167.65. 7,573,563 shares of the company's stock were exchanged, compared to its average volume of 7,309,645. The firm's 50-day moving average price is $164.35 and its two-hundred day moving average price is $167.40. The firm has a market cap of $393.06 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 3.76 and a beta of 0.41. 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 fifty-two week low of $156.58 and a fifty-two week high of $180.43.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is 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.