Chronos Wealth Management LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

Chronos Wealth Management LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,835 shares of the company’s stock after purchasing an additional 184 shares during the quarter. Procter & Gamble comprises 3.2% of Chronos Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Chronos Wealth Management LLC’s holdings in Procter & Gamble were worth $5,937,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PG. Lakeridge Wealth Management LLC boosted its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after acquiring an additional 60 shares during the last quarter. Kolinsky Wealth Management LLC increased its position in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock worth $962,000 after purchasing an additional 64 shares during the last quarter. Retirement Planning Group LLC raised its stake in Procter & Gamble by 1.4% during the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock worth $789,000 after purchasing an additional 64 shares during the period. First Citizens Financial Corp boosted its holdings in Procter & Gamble by 1.8% in the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company’s stock valued at $624,000 after purchasing an additional 64 shares during the last quarter. Finally, Tevis Investment Management grew its stake in shares of Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after buying an additional 65 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 0.5%

Shares of NYSE PG opened at $166.92 on Wednesday. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company’s 50 day moving average price is $164.33 and its 200-day moving average price is $167.38. The company has a market capitalization of $391.35 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.53%. Procter & Gamble’s payout ratio is presently 66.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Bank of America cut their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Evercore ISI upped their price objective on Procter & Gamble from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.86.

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.