Aurora Private Wealth Inc. Acquires 177,396 Shares of Procter & Gamble Company (The) (NYSE:PG)

Aurora Private Wealth Inc. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2,315.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 185,058 shares of the company’s stock after acquiring an additional 177,396 shares during the period. Procter & Gamble makes up approximately 0.9% of Aurora Private Wealth Inc.’s holdings, making the stock its 17th biggest position. Aurora Private Wealth Inc.’s holdings in Procter & Gamble were worth $31,538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Unique Wealth LLC lifted its holdings in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after acquiring an additional 61 shares during the period. Stableford Capital II LLC lifted its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock worth $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. boosted its holdings in shares of Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock worth $64,000 after buying an additional 63 shares during the last quarter. Kolinsky Wealth Management LLC grew its position in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock valued at $962,000 after buying an additional 64 shares during the period. Finally, Retirement Planning Group LLC increased its holdings in Procter & Gamble by 1.4% during the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock valued at $789,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were 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 $3,995,627.94. The trade was 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PG shares. Raymond James Financial dropped their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Truist Financial lowered 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. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.45.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $159.03 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a 50 day moving average of $162.88 and a 200 day moving average of $165.83. The firm has a market cap of $372.85 billion, a PE ratio of 25.24, a PEG ratio of 4.73 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its earnings results 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 analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.66%. 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.