Sowell Financial Services LLC Buys 2,368 Shares of The Procter & Gamble Company (NYSE:PG)

Sowell Financial Services LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,210 shares of the company's stock after buying an additional 2,368 shares during the period. Sowell Financial Services LLC's holdings in Procter & Gamble were worth $5,319,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC boosted its stake in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. Hoey Investments Inc. boosted its stake in shares of Procter & Gamble by 321.7% in 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 last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 1.9%

PG opened at $160.06 on Monday. The stock has a market cap of $375.27 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 3.76 and a beta of 0.43. The stock's 50 day moving average price is $163.75 and its 200-day moving average price is $166.64. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is a positive change 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 dividend yield of 2.64%. Procter & Gamble's payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This 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 company insiders.

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.

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