Sequoia Financial Advisors LLC Purchases 25,194 Shares of Procter & Gamble Company (The) (NYSE:PG)

Sequoia Financial Advisors LLC lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,814 shares of the company's stock after buying an additional 25,194 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Procter & Gamble were worth $54,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kavar Capital Partners Group LLC increased its position in shares of Procter & Gamble by 0.3% during the first quarter. Kavar Capital Partners Group LLC now owns 66,998 shares of the company's stock valued at $11,418,000 after buying an additional 232 shares during the period. Pure Financial Advisors LLC increased its holdings in Procter & Gamble by 0.4% during the 1st quarter. Pure Financial Advisors LLC now owns 19,323 shares of the company's stock worth $3,293,000 after acquiring an additional 83 shares during the period. Phillips Wealth Planners LLC lifted its stake in Procter & Gamble by 5.5% in the 1st quarter. Phillips Wealth Planners LLC now owns 6,556 shares of the company's stock worth $1,094,000 after purchasing an additional 339 shares in the last quarter. Omnia Family Wealth LLC boosted its holdings in Procter & Gamble by 14.5% in the 1st quarter. Omnia Family Wealth LLC now owns 4,834 shares of the company's stock valued at $824,000 after purchasing an additional 612 shares during the period. Finally, Tyche Wealth Partners LLC grew its position in shares of Procter & Gamble by 4.2% during the 1st quarter. Tyche Wealth Partners LLC now owns 40,868 shares of the company's stock valued at $6,965,000 after purchasing an additional 1,665 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.2%

Shares of NYSE:PG traded down $0.25 on Thursday, hitting $158.73. The company had a trading volume of 7,403,171 shares, compared to its average volume of 7,374,952. The firm's 50-day simple moving average is $162.88 and its two-hundred day simple moving average is $165.83. The firm has a market capitalization of $372.14 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 4.73 and a beta of 0.43. 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 $156.58 and a 1 year high of $180.43.

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

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble's dividend payout ratio is 66.98%.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 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.