MOKAN Wealth Management Inc. Acquires 3,528 Shares of Procter & Gamble Company (The) (NYSE:PG)

MOKAN Wealth Management Inc. grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 35.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,473 shares of the company's stock after acquiring an additional 3,528 shares during the period. Procter & Gamble comprises about 1.4% of MOKAN Wealth Management Inc.'s portfolio, making the stock its 21st largest holding. MOKAN Wealth Management Inc.'s holdings in Procter & Gamble were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Navigoe LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. raised its position in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 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. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 0.2%

Shares of PG traded down $0.25 during trading hours on Thursday, hitting $158.73. 7,403,171 shares of the stock were exchanged, compared to its average volume of 7,374,929. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The business has a 50-day moving average of $162.88 and a 200-day moving average of $165.83. The firm has a market capitalization of $372.14 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 4.73 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The firm 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%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 66.98%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PG shares. Citigroup lowered their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Piper Sandler boosted their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Company 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.