ZRC Wealth Management LLC Sells 807 Shares of The Procter & Gamble Company (NYSE:PG)

ZRC Wealth Management LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,164 shares of the company’s stock after selling 807 shares during the period. ZRC Wealth Management LLC’s holdings in Procter & Gamble were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PG. Core Wealth Partners LLC lifted its position in Procter & Gamble by 5.9% during the first quarter. Core Wealth Partners LLC now owns 5,651 shares of the company’s stock worth $917,000 after purchasing an additional 313 shares during the period. Capital Wealth Management LLC bought a new stake in Procter & Gamble during the first quarter valued at $292,000. RBA Wealth Management LLC grew its holdings in Procter & Gamble by 0.6% during the 1st quarter. RBA Wealth Management LLC now owns 27,897 shares of the company’s stock worth $4,526,000 after acquiring an additional 167 shares during the period. Accel Wealth Management boosted its position in shares of Procter & Gamble by 929.0% during the 1st quarter. Accel Wealth Management now owns 31,015 shares of the company’s stock valued at $5,032,000 after purchasing an additional 28,001 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in Procter & Gamble by 11.2% in the first quarter. First Trust Direct Indexing L.P. now owns 55,917 shares of the company’s stock valued at $9,073,000 after buying an additional 5,653 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were 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 directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 855 shares of the company’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 sale, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

PG opened at $163.83 on Friday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company’s 50-day moving average price is $165.74 and its two-hundred day moving average price is $159.22. The stock has a market cap of $386.66 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.13 and a beta of 0.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 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 business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. 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. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

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.