Savvy Advisors Inc. Buys 10,565 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Savvy Advisors Inc. increased its holdings in Procter & Gamble (NYSE: PG) by 14.5% in the first quarter, owning a total of 83,364 shares valued at approximately $14.21 million.
• Procter & Gamble's recent earnings report showed an EPS of $1.48, surpassing estimates and indicating a 1.7% year-over-year revenue increase to $20.89 billion.
• The company announced a quarterly dividend of $1.0568, offering an annualized basis of $4.23 and a dividend yield of 2.8%, with a payout ratio of 64.98%.

Savvy Advisors Inc. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,364 shares of the company's stock after purchasing an additional 10,565 shares during the period. Procter & Gamble accounts for approximately 1.4% of Savvy Advisors Inc.'s investment portfolio, making the stock its 12th biggest position. Savvy Advisors Inc.'s holdings in Procter & Gamble were worth $14,207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Cladis Investment Advisory LLC boosted its stake in shares of Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after purchasing an additional 236 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after acquiring an additional 549 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors lifted its position in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares during the period. Finally, Sanders Capital LLC grew its stake in shares of Procter & Gamble by 1.4% during the 4th quarter. Sanders Capital LLC now owns 7,353,715 shares of the company's stock valued at $1,232,850,000 after purchasing an additional 104,168 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG traded down $0.36 during mid-day trading on Tuesday, reaching $154.62. The company's stock had a trading volume of 3,569,450 shares, compared to its average volume of 8,184,070. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The stock has a market cap of $362.18 billion, a P/E ratio of 23.76, a PEG ratio of 4.05 and a beta of 0.37. The business has a 50-day simple moving average of $158.01 and a two-hundred day simple moving average of $163.60. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data 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 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.40 EPS. The company's revenue was up 1.7% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Atlantic cut shares of 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. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Bank of America dropped their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Seven investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $175.88.

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.