The Procter & Gamble Company (NYSE:PG) Position Lifted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its holdings in The Procter & Gamble Company (NYSE:PG) by 1,181.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,174,153 shares of the company’s stock after purchasing an additional 1,082,531 shares during the period. Procter & Gamble accounts for 2.0% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Valeo Financial Advisors LLC’s holdings in Procter & Gamble were worth $190,506,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PG. Advantage Trust Co purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at about $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft decreased 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, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Stock Performance

Shares of PG stock opened at $163.76 on Thursday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The company has a market capitalization of $386.50 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.13 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’s fifty day simple moving average is $165.70 and its 200-day simple moving average is $159.15.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’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 sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 in the last three months. Company insiders own 0.17% of the company’s stock.

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.