Avondale Wealth Management Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Avondale Wealth Management decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 23.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the company’s stock after selling 750 shares during the quarter. Avondale Wealth Management’s holdings in Procter & Gamble were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PG. Fulcrum Capital LLC grew its position in shares of Procter & Gamble by 16.7% in the first quarter. Fulcrum Capital LLC now owns 3,123 shares of the company’s stock valued at $532,000 after purchasing an additional 448 shares in the last quarter. James J. Burns & Company LLC boosted its stake in Procter & Gamble by 2.8% during the first quarter. James J. Burns & Company LLC now owns 7,902 shares of the company’s stock worth $1,347,000 after buying an additional 212 shares during the last quarter. Atlas Brown Inc. grew its holdings in Procter & Gamble by 0.3% in the 1st quarter. Atlas Brown Inc. now owns 32,422 shares of the company’s stock valued at $5,525,000 after buying an additional 105 shares in the last quarter. Winthrop Advisory Group LLC increased its stake in shares of Procter & Gamble by 2.0% in the 1st quarter. Winthrop Advisory Group LLC now owns 10,066 shares of the company’s stock worth $1,716,000 after acquiring an additional 194 shares during the last quarter. Finally, Somerset Trust Co raised its holdings in shares of Procter & Gamble by 5.5% during the 1st quarter. Somerset Trust Co now owns 21,250 shares of the company’s stock worth $3,621,000 after acquiring an additional 1,116 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PG shares. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Truist Financial cut their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $178.52.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.8%

Procter & Gamble stock opened at $169.92 on Friday. The firm has a market capitalization of $398.38 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.76 and a beta of 0.41. The stock’s fifty day simple moving average is $164.35 and its 200-day simple moving average is $167.39. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

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.