Weik Capital Management Decreases Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Weik Capital Management cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 24.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,670 shares of the company’s stock after selling 845 shares during the period. Weik Capital Management’s holdings in Procter & Gamble were worth $455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Forvis Mazars Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 3.4% in the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 44,778 shares of the company’s stock worth $7,631,000 after buying an additional 1,485 shares in the last quarter. Gen Wealth Partners Inc boosted its position in shares of Procter & Gamble by 5.6% in the 1st quarter. Gen Wealth Partners Inc now owns 16,856 shares of the company’s stock worth $2,873,000 after buying an additional 895 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Procter & Gamble by 19.0% in the 1st quarter. American Century Companies Inc. now owns 1,941,192 shares of the company’s stock worth $330,818,000 after buying an additional 309,879 shares in the last quarter. LWM Advisory Services LLC raised its stake in Procter & Gamble by 12.5% in the 1st quarter. LWM Advisory Services LLC now owns 2,807 shares of the company’s stock valued at $478,000 after purchasing an additional 311 shares during the last quarter. Finally, Ethic Inc. raised its stake in Procter & Gamble by 17.4% in the 1st quarter. Ethic Inc. now owns 43,206 shares of the company’s stock valued at $7,369,000 after purchasing an additional 6,399 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $175.94.

Procter & Gamble Stock Up 0.4%

PG opened at $154.30 on Friday. The firm has a 50 day moving average price of $157.19 and a 200 day moving average price of $163.29. The company has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio is 64.98%.

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.