Western Wealth Management LLC Cuts Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Western Wealth Management LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,518 shares of the company’s stock after selling 240 shares during the quarter. Western Wealth Management LLC’s holdings in Procter & Gamble were worth $5,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nova R Wealth Inc. lifted its stake in shares of Procter & Gamble by 4.9% in the 1st quarter. Nova R Wealth Inc. now owns 1,680 shares of the company’s stock valued at $286,000 after purchasing an additional 78 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Procter & Gamble by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 317,814 shares of the company’s stock valued at $54,162,000 after acquiring an additional 25,194 shares during the period. Kavar Capital Partners Group LLC boosted its stake in shares of Procter & Gamble by 0.3% during the first quarter. Kavar Capital Partners Group LLC now owns 66,998 shares of the company’s stock valued at $11,418,000 after purchasing an additional 232 shares during the period. Pure Financial Advisors LLC lifted its holdings in Procter & Gamble by 0.4% during the 1st quarter. Pure Financial Advisors LLC now owns 19,323 shares of the company’s stock valued at $3,293,000 after buying an additional 83 shares in the last quarter. Finally, Phillips Wealth Planners LLC raised its stake in shares of Procter & Gamble by 5.5% during the first quarter. Phillips Wealth Planners LLC now owns 6,556 shares of the company’s stock valued at $1,094,000 after acquiring an additional 339 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Raymond James Financial cut their price objective 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. Piper Sandler increased their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.45.

Insiders Place Their Bets

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 completion of the sale, the insider now directly owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Down 0.8%

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

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating 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 the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble’s dividend payout ratio (DPR) is 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.