Accelerate Investment Advisors LLC Buys 209 Shares of Procter & Gamble Company (The) (NYSE:PG)

Accelerate Investment Advisors LLC grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.4% during the first quarter, HoldingsChannel reports. The firm owned 1,481 shares of the company’s stock after purchasing an additional 209 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Procter & Gamble were worth $252,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter valued at approximately $31,000. Hoey Investments Inc. raised its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the fourth quarter worth $34,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Stock Down 1.5%

PG stock opened at $158.53 on Wednesday. The company has a market cap of $371.67 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 4.74 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The business’s 50-day moving average is $163.73 and its two-hundred day moving average is $166.46. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.67%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.