Aaron Wealth Advisors LLC Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

Aaron Wealth Advisors LLC increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,952 shares of the company’s stock after acquiring an additional 606 shares during the period. Aaron Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,889,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PG. FSM Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 11.8% during the 1st quarter. FSM Wealth Advisors LLC now owns 5,606 shares of the company’s stock worth $955,000 after acquiring an additional 590 shares in the last quarter. NovaPoint Capital LLC raised its holdings in Procter & Gamble by 3.7% during the first quarter. NovaPoint Capital LLC now owns 25,149 shares of the company’s stock worth $4,286,000 after purchasing an additional 891 shares during the last quarter. Detalus Advisors LLC boosted its position in Procter & Gamble by 0.8% during the first quarter. Detalus Advisors LLC now owns 7,918 shares of the company’s stock worth $1,349,000 after purchasing an additional 65 shares in the last quarter. Oregon Pacific Wealth Management LLC grew its holdings in Procter & Gamble by 19.0% in the first quarter. Oregon Pacific Wealth Management LLC now owns 2,320 shares of the company’s stock valued at $395,000 after purchasing an additional 370 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd increased its position in shares of Procter & Gamble by 25.7% in the first quarter. PICTET BANK & TRUST Ltd now owns 11,655 shares of the company’s stock valued at $1,986,000 after buying an additional 2,384 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated 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 directly owned 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 disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PG shares. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Evercore ISI restated an “outperform” rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. 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 report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $178.45.

Procter & Gamble Stock Up 1.2%

PG opened at $161.20 on Wednesday. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The business has a 50-day moving average of $162.17 and a two-hundred day moving average of $165.47. 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 stock has a market capitalization of $377.94 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.70 and a beta of 0.41.

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 net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share 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 dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. 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 2.62%. Procter & Gamble’s payout ratio is currently 67.14%.

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.