United Advisor Group LLC Increases Stock Position in Procter & Gamble Company (The) (NYSE:PG)

United Advisor Group LLC lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,142 shares of the company's stock after buying an additional 3,925 shares during the period. United Advisor Group LLC's holdings in Procter & Gamble were worth $3,603,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC grew its holdings in shares of Procter & Gamble by 28.3% in the 1st quarter. ORG Wealth Partners LLC now owns 3,600 shares of the company's stock worth $615,000 after acquiring an additional 794 shares during the period. Well Done LLC grew its holdings in Procter & Gamble by 1.8% in the first quarter. Well Done LLC now owns 13,858 shares of the company's stock valued at $2,323,000 after purchasing an additional 251 shares during the last quarter. Sterling Investment Counsel LLC increased its position in shares of Procter & Gamble by 133.7% in the first quarter. Sterling Investment Counsel LLC now owns 3,982 shares of the company's stock valued at $679,000 after buying an additional 2,278 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Procter & Gamble by 1.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 15,166 shares of the company's stock worth $2,585,000 after buying an additional 197 shares during the last quarter. Finally, Duncan Williams Asset Management LLC boosted its position in shares of Procter & Gamble by 4.1% in the 1st quarter. Duncan Williams Asset Management LLC now owns 6,680 shares of the company's stock worth $1,138,000 after buying an additional 262 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Truist Financial cut their price objective 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. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Raymond James Financial dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Stock Down 0.4%

Shares of PG opened at $157.86 on Friday. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company's fifty day moving average is $163.51 and its two-hundred day moving average is $166.25. The firm has a market cap of $370.11 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 4.66 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 (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the company posted $1.52 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. Analysts forecast that 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. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's payout ratio is currently 67.14%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's 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 transaction, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.

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