The Procter & Gamble Company (NYSE:PG) Stock Position Raised by Gradient Investments LLC

Gradient Investments LLC lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 7.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,326 shares of the company's stock after buying an additional 18,535 shares during the quarter. Gradient Investments LLC's holdings in Procter & Gamble were worth $43,172,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on 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 approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $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. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $3.00 during trading on Thursday, hitting $162.95. The stock had a trading volume of 4,364,626 shares, compared to its average volume of 7,295,332. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $382.04 billion, a P/E ratio of 25.95, a PEG ratio of 3.76 and a beta of 0.41. The business has a fifty day moving average of $164.30 and a two-hundred day moving average of $167.37. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 66.98%.

Analyst Ratings Changes

A number of brokerages recently commented on PG. Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Piper Sandler upped their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Raymond James lowered their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.