Huntleigh Advisors Inc. Buys 185 Shares of Procter & Gamble Company (The) (NYSE:PG)

Huntleigh Advisors Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,362 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Procter & Gamble were worth $573,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PG. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $178.45.

Insider Transactions at Procter & Gamble

In other 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 transaction, the chief executive officer directly owned 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale 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 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. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 0.3%

Procter & Gamble stock opened at $160.72 on Friday. The stock has a 50-day moving average of $162.10 and a two-hundred day moving average of $165.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The stock has a market cap of $376.82 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 4.59 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble’s dividend 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.