CIC Wealth LLC Has $1.36 Million Position in The Procter & Gamble Company (NYSE:PG)

CIC Wealth LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,397 shares of the company’s stock after selling 311 shares during the quarter. CIC Wealth LLC’s holdings in Procter & Gamble were worth $1,362,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CFM Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 6.3% during the first quarter. CFM Wealth Partners LLC now owns 7,178 shares of the company’s stock valued at $1,165,000 after acquiring an additional 428 shares during the period. Henrickson Nauta Wealth Advisors Inc. bought a new position in Procter & Gamble during the 1st quarter valued at about $215,000. Sound Income Strategies LLC grew its stake in Procter & Gamble by 4.5% during the first quarter. Sound Income Strategies LLC now owns 8,320 shares of the company’s stock worth $1,350,000 after buying an additional 357 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of Procter & Gamble by 5.8% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,563 shares of the company’s stock worth $560,000 after buying an additional 196 shares in the last quarter. Finally, First Bancorp Inc ME raised its stake in shares of Procter & Gamble by 2.8% in the first quarter. First Bancorp Inc ME now owns 8,790 shares of the company’s stock valued at $1,426,000 after acquiring an additional 239 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays boosted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Trading Down 0.5 %

Shares of NYSE PG opened at $166.62 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company’s fifty day moving average is $165.28 and its 200-day moving average is $158.54. The stock has a market cap of $393.25 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 3.40 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.