Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 101.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,226 shares of the company’s stock after buying an additional 22,230 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Procter & Gamble were worth $7,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Accelerate Investment Advisors LLC raised its stake in Procter & Gamble by 16.4% in the first quarter. Accelerate Investment Advisors LLC now owns 1,481 shares of the company’s stock valued at $252,000 after buying an additional 209 shares in the last quarter. Essex Savings Bank raised its stake in Procter & Gamble by 5.3% in the first quarter. Essex Savings Bank now owns 34,619 shares of the company’s stock valued at $5,900,000 after buying an additional 1,749 shares in the last quarter. Roman Butler Fullerton & Co. raised its stake in Procter & Gamble by 0.6% in the first quarter. Roman Butler Fullerton & Co. now owns 25,037 shares of the company’s stock valued at $4,218,000 after buying an additional 144 shares in the last quarter. Pegasus Asset Management Inc. raised its stake in Procter & Gamble by 3.3% in the first quarter. Pegasus Asset Management Inc. now owns 32,513 shares of the company’s stock valued at $5,541,000 after buying an additional 1,028 shares in the last quarter. Finally, Wells Trecaso Financial Group LLC increased its position in shares of Procter & Gamble by 1.6% during the first quarter. Wells Trecaso Financial Group LLC now owns 60,876 shares of the company’s stock worth $10,374,000 after purchasing an additional 938 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on PG shares. Citigroup cut their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Truist Financial cut their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Raymond James Financial cut their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Stock Performance

Shares of PG stock opened at $158.53 on Wednesday. The stock has a market capitalization of $371.67 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 4.74 and a beta of 0.43. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The stock’s 50-day moving average price is $163.73 and its 200 day moving average price is $166.46. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

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

Procter & Gamble Increases Dividend

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

Insiders Place Their Bets

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

Procter & Gamble 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.