Guardian Wealth Management Inc. Acquires 676 Shares of Procter & Gamble Company (The) (NYSE:PG)

Guardian Wealth Management Inc. grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,958 shares of the company’s stock after purchasing an additional 676 shares during the quarter. Procter & Gamble makes up approximately 1.8% of Guardian Wealth Management Inc.’s holdings, making the stock its 21st biggest holding. Guardian Wealth Management Inc.’s holdings in Procter & Gamble were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Navigoe LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $31,000. Hoey Investments Inc. boosted its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares in the last quarter. 10Elms LLP acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $34,000. 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 firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade 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 owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on PG shares. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Evercore ISI reissued an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Barclays boosted their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.17.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $158.23 on Thursday. The company has a market capitalization of $370.98 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. The business has a 50 day moving average of $161.19 and a 200-day moving average of $164.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last released 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 business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 66.98%.

About Procter & Gamble

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.