Powers Advisory Group LLC Sells 426 Shares of The Procter & Gamble Company (NYSE:PG)

Powers Advisory Group LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,081 shares of the company’s stock after selling 426 shares during the quarter. Procter & Gamble accounts for 1.2% of Powers Advisory Group LLC’s investment portfolio, making the stock its 16th largest position. Powers Advisory Group LLC’s holdings in Procter & Gamble were worth $2,122,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

PG has been the topic of several research reports. Jefferies Financial Group boosted their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Argus boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Six 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.72.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred 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 directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.0 %

Shares of Procter & Gamble stock opened at $163.83 on Friday. The company has a 50 day simple moving average of $165.74 and a two-hundred day simple moving average of $159.22. The firm has a market cap of $386.66 billion, a PE ratio of 26.77, a PEG ratio of 3.13 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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