Fragasso Financial Advisors Inc Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Fragasso Financial Advisors Inc raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 115.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,529 shares of the company's stock after purchasing an additional 12,089 shares during the period. Fragasso Financial Advisors Inc's holdings in Procter & Gamble were worth $3,839,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $50,049,000. Southern Capital Advisors LLC grew its position in shares of Procter & Gamble by 0.3% during the 4th quarter. Southern Capital Advisors LLC now owns 22,395 shares of the company's stock worth $3,755,000 after purchasing an additional 72 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $46,000. Finally, Turtle Creek Wealth Advisors LLC raised its position in shares of Procter & Gamble by 5.6% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 35,095 shares of the company's stock valued at $5,884,000 after buying an additional 1,861 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.5%

NYSE:PG traded down $0.82 during trading hours on Wednesday, reaching $166.03. The company had a trading volume of 4,789,185 shares, compared to its average volume of 8,073,367. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The firm has a market cap of $389.26 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.76 and a beta of 0.41. The business's 50-day simple moving average is $164.33 and its two-hundred day simple moving average is $167.38. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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 business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current 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 $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. 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 presently 66.98%.

Analyst Ratings Changes

A number of equities analysts have commented on PG shares. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target 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. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Piper Sandler upped their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fifteen 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated 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 sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents 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.

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.