WESPAC Advisors SoCal LLC Raises Position in Procter & Gamble Company (The) (NYSE:PG)

WESPAC Advisors SoCal LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,998 shares of the company's stock after acquiring an additional 3,273 shares during the quarter. Procter & Gamble makes up approximately 1.9% of WESPAC Advisors SoCal LLC's investment portfolio, making the stock its 22nd largest position. WESPAC Advisors SoCal LLC's holdings in Procter & Gamble were worth $7,328,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. 10Elms LLP acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG traded down $0.53 during mid-day trading on Friday, reaching $158.28. 5,797,244 shares of the stock were exchanged, compared to its average volume of 8,221,521. The company has a 50 day simple moving average of $161.12 and a 200-day simple moving average of $164.24. The stock has a market capitalization of $371.10 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the business posted $1.52 EPS. The company's revenue was down 2.1% on a year-over-year basis. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders 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 2.67%. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PG shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Barclays increased 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. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Finally, Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $176.12.

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.