Sound View Wealth Advisors Group LLC Has $14.45 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Sound View Wealth Advisors Group LLC reduced its stake in Procter & Gamble by 6.3%, selling 5,718 shares, and currently holds 84,784 shares valued at approximately $14.45 million.
• Insider Moses Victor Javier Aguilar sold 10,520 shares for approximately $1.67 million, resulting in a 29.47% decrease in their ownership in the company.
• Analysts have varied opinions on Procter & Gamble, with target prices ranging from $164.00 to $180.00, and a consensus rating of "Moderate Buy" with an average price target of $175.71.

Sound View Wealth Advisors Group LLC lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,784 shares of the company's stock after selling 5,718 shares during the period. Procter & Gamble accounts for 1.2% of Sound View Wealth Advisors Group LLC's investment portfolio, making the stock its 20th largest holding. Sound View Wealth Advisors Group LLC's holdings in Procter & Gamble were worth $14,449,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in shares of Procter & Gamble by 566.7% in the 1st 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. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.1%

Shares of PG stock traded up $0.18 during trading on Friday, hitting $150.65. 8,593,060 shares of the company were exchanged, compared to its average volume of 8,478,234. 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 $353.21 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 3.96 and a beta of 0.37. The business's 50-day simple moving average is $159.83 and its 200 day simple moving average is $163.99. 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 earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The firm 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 company's revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. 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 presently 64.82%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Seven 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 an average rating of "Moderate Buy" and an average target price of $175.88.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider owned 25,182 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

About Procter & Gamble

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.