HBW Advisory Services LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,908 shares of the company’s stock after selling 2,556 shares during the quarter. Procter & Gamble accounts for approximately 1.2% of HBW Advisory Services LLC’s holdings, making the stock its 18th biggest position. HBW Advisory Services LLC’s holdings in Procter & Gamble were worth $4,744,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its stake in Procter & Gamble by 1.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after acquiring an additional 69 shares in the last quarter. Calton & Associates Inc. raised its stake in Procter & Gamble by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock worth $536,000 after acquiring an additional 71 shares in the last quarter. Bourgeon Capital Management LLC raised its stake in Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Atticus Wealth Management LLC raised its stake in Procter & Gamble by 0.8% during the fourth quarter. Atticus Wealth Management LLC now owns 8,751 shares of the company’s stock worth $1,326,000 after acquiring an additional 71 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC raised its stake in Procter & Gamble by 0.3% during the first quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock worth $3,420,000 after acquiring an additional 72 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Price Performance
Procter & Gamble stock opened at $149.54 on Tuesday. The stock has a market capitalization of $352.46 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 4.16 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11. The stock’s 50 day moving average price is $150.80 and its two-hundred day moving average price is $147.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. Procter & Gamble’s dividend payout ratio is presently 65.51%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. Truist Financial cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $155.00 in a report on Thursday, May 18th. Barclays boosted their price target on Procter & Gamble from $160.00 to $167.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Finally, StockNews.com assumed coverage on Procter & Gamble in a report on Thursday, May 18th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.50.
Insider Transactions at Procter & Gamble
In other news, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the transaction, the chief financial officer now directly owns 27,118 shares of the company’s stock, valued at $4,210,611.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the sale, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at $4,210,611.86. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock valued at $14,821,930 over the last ninety days. 0.26% of the stock is owned by company insiders.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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