PCG Wealth Advisors LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

PCG Wealth Advisors LLC acquired a new position in The Procter & Gamble Company (NYSE:PG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,593 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $28,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.0 %

NYSE PG opened at $163.83 on Friday. The firm has a market cap of $386.66 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41. 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 company has a 50 day moving average price of $165.72 and a 200 day moving average price of $159.19.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The company 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%. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were 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 directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of 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 quarter, insiders have sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Argus lifted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

About Procter & Gamble

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.