Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by LifeWealth Investments LLC

LifeWealth Investments LLC raised its position in Procter & Gamble Company (The) (NYSE:PG) by 12.9% during the first quarter, HoldingsChannel reports. The firm owned 6,779 shares of the company’s stock after purchasing an additional 775 shares during the period. LifeWealth Investments LLC’s holdings in Procter & Gamble were worth $1,155,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. NewSquare Capital LLC lifted its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth $31,000. Hoey Investments Inc. boosted its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

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

Analyst Ratings Changes

PG has been the topic of a number of analyst reports. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Evercore ISI restated an “outperform” rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Piper Sandler upped their price objective 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 Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Redburn Atlantic downgraded 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 equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Stock Performance

NYSE PG opened at $158.53 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company has a market cap of $371.67 billion, a P/E ratio of 25.16, a P/E/G ratio of 4.74 and a beta of 0.43. The stock has a 50-day moving average of $163.73 and a two-hundred day moving average of $166.46. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

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

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.