The Procter & Gamble Company (NYSE:PG) Stock Holdings Increased by Secure Asset Management LLC

Secure Asset Management LLC increased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 244.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,489 shares of the company's stock after purchasing an additional 12,406 shares during the period. Secure Asset Management LLC's holdings in Procter & Gamble were worth $2,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Lakeridge Wealth Management LLC increased its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after purchasing an additional 60 shares during the last quarter. Kolinsky Wealth Management LLC grew its position in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after buying an additional 64 shares during the period. Retirement Planning Group LLC increased its holdings in Procter & Gamble by 1.4% during the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after buying an additional 64 shares during the last quarter. First Citizens Financial Corp boosted its stake in shares of Procter & Gamble by 1.8% during the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company's stock worth $624,000 after acquiring an additional 64 shares during the last quarter. Finally, Tevis Investment Management grew its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 2.0%

Shares of PG stock traded down $3.33 on Thursday, reaching $162.62. 10,342,685 shares of the stock were exchanged, compared to its average volume of 7,318,117. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $381.27 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.76 and a beta of 0.41. The business's 50 day moving average price is $164.30 and its 200 day moving average price is $167.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. As a group, sell-side analysts expect that The 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 given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.60%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated 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 now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America dropped their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Raymond James reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Piper Sandler boosted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble 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.