N.E.W. Advisory Services LLC Purchases 7,213 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• N.E.W. Advisory Services LLC has increased its stake in Procter & Gamble by 8.3% to a total value of $15.98 million, ranking it as the 20th largest position in its portfolio.
• A recent analysis shows that institutional investors own 65.77% of Procter & Gamble's stock, with several hedge funds significantly increasing their holdings in the past quarter.
• Procter & Gamble announced a quarterly dividend of $1.0568, equating to an annualized yield of 2.69%, with the dividend payable on August 15th.

N.E.W. Advisory Services LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,739 shares of the company's stock after purchasing an additional 7,213 shares during the period. Procter & Gamble accounts for 1.2% of N.E.W. Advisory Services LLC's portfolio, making the stock its 20th biggest position. N.E.W. Advisory Services LLC's holdings in Procter & Gamble were worth $15,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Hoey Investments Inc. increased its stake 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 during the period. 10Elms LLP acquired a new position in Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade 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 available through the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Piper Sandler raised their price objective on shares of 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 price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Up 0.2%

Shares of PG stock traded up $0.28 during trading on Friday, hitting $150.75. 5,626,069 shares of the company were exchanged, compared to its average volume of 8,246,239. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70. The firm has a market capitalization of $353.45 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 4.27 and a beta of 0.40. The business's 50-day simple moving average is $160.13 and its 200 day simple moving average is $164.05. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 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.