Consilio Wealth Advisors LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Consilio Wealth Advisors LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 27.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,746 shares of the company’s stock after buying an additional 379 shares during the quarter. Consilio Wealth Advisors LLC’s holdings in Procter & Gamble were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was 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 directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 1.3 %

Shares of NYSE PG opened at $162.72 on Tuesday. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a market cap of $384.04 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $165.60 and a 200 day moving average price of $158.89.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $20.43 billion. During the same period in the prior year, the firm earned $1.37 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.47%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble Company 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.