Atria Wealth Solutions Inc. Reduces Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Procter & Gamble by 10.1% in the first quarter, now owning 134,326 shares valued at approximately $22.89 million.
• Procter & Gamble's recent earnings report showed $1.48 earnings per share, exceeding expectations and marking a 1.7% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $1.0568 per share, indicating an annualized payout of $4.23 per share with a yield of 2.8%.

Atria Wealth Solutions Inc. decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,326 shares of the company's stock after selling 15,018 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Procter & Gamble were worth $22,892,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Unique Wealth LLC raised its holdings in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after acquiring an additional 61 shares during the last quarter. Stableford Capital II LLC raised its stake in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after purchasing an additional 61 shares during the last quarter. Bernard Wealth Management Corp. lifted its holdings in shares of Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after purchasing an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its position in shares of Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after buying an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC grew its holdings in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

NYSE:PG traded up $0.54 during trading hours on Thursday, hitting $153.40. The stock had a trading volume of 6,717,362 shares, compared to its average volume of 8,092,659. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The firm has a market capitalization of $359.32 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 4.03 and a beta of 0.37. The company has a 50 day simple moving average of $158.59 and a two-hundred day simple moving average of $163.74.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PG shares. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $175.88.

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.