Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Endeavor Private Wealth Inc.

Key Points

• Endeavor Private Wealth Inc. significantly increased its stake in Procter & Gamble by 683.7% during Q1, acquiring an additional 3,029 shares, bringing its total ownership to 3,472 shares valued at $592,000.
• Procter & Gamble reported a quarterly earnings per share of $1.48, beating expectations and showing a 1.7% year-over-year revenue growth to $20.89 billion.
• JPMorgan Chase & Co. recently adjusted its price target for Procter & Gamble from $178.00 to $170.00, maintaining a "neutral" rating, while the stock has a consensus rating of "Moderate Buy" with an average price target of $175.88.

Endeavor Private Wealth Inc. lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 683.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,472 shares of the company's stock after acquiring an additional 3,029 shares during the period. Endeavor Private Wealth Inc.'s holdings in Procter & Gamble were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Wealth Partners LLC bought a new position in Procter & Gamble during the 1st quarter worth $457,000. SPC Financial Inc. grew its stake in Procter & Gamble by 7.3% during the 1st quarter. SPC Financial Inc. now owns 11,496 shares of the company's stock worth $1,959,000 after buying an additional 781 shares during the last quarter. UNIVEST FINANCIAL Corp grew its stake in Procter & Gamble by 8.8% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 26,181 shares of the company's stock worth $4,462,000 after buying an additional 2,116 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in Procter & Gamble by 3.1% during the 1st quarter. Baker Avenue Asset Management LP now owns 10,730 shares of the company's stock worth $1,829,000 after buying an additional 320 shares during the last quarter. Finally, Castellan Group grew its stake in Procter & Gamble by 114.6% during the 1st quarter. Castellan Group now owns 32,482 shares of the company's stock worth $5,536,000 after buying an additional 17,349 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. 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 research note on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Citigroup decreased 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. Finally, Piper Sandler increased 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. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Up 0.1%

NYSE:PG opened at $150.65 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The stock's 50-day moving average is $159.83 and its two-hundred day moving average is $163.99. The stock has a market cap of $353.20 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's payout ratio is presently 67.14%.

Insider Activity at Procter & Gamble

In other Procter & Gamble 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 transaction of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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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