Private Advisory Group LLC Buys 19,623 Shares of Procter & Gamble Company (The) (NYSE:PG)

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Private Advisory Group LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,487 shares of the company's stock after purchasing an additional 19,623 shares during the period. Procter & Gamble makes up about 1.1% of Private Advisory Group LLC's holdings, making the stock its 23rd biggest position. Private Advisory Group LLC's holdings in Procter & Gamble were worth $9,627,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Navigoe LLC bought a new stake in Procter & Gamble during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at $31,000. 10Elms LLP bought a new stake in Procter & Gamble during the fourth quarter valued at $34,000. Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Barclays lifted their price objective on Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Raymond James Financial dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.71.

Procter & Gamble Stock Down 2.5%

PG stock opened at $152.73 on Thursday. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two week high of $180.43. The business's 50 day moving average price is $160.43 and its two-hundred day moving average price is $164.11. 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 company has a market capitalization of $358.08 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.77%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Transactions 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 transaction, the insider directly owned 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

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.

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