Alliance Wealth Advisors LLC Has $1.38 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Alliance Wealth Advisors LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,120 shares of the company’s stock after selling 93 shares during the quarter. Procter & Gamble makes up approximately 0.8% of Alliance Wealth Advisors LLC’s portfolio, making the stock its 24th largest position. Alliance Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,384,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC raised its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $50,049,000. Private Management Group Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $221,000. Inman Jager Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $1,623,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Procter & Gamble by 2.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 16,734 shares of the company’s stock valued at $2,805,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was 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 $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction dated 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 owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $164.01 on Friday. The company has a market capitalization of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 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. The stock’s fifty day simple moving average is $164.01 and its 200 day simple moving average is $167.27.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business 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%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble’s payout ratio is 66.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PG shares. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Redburn Atlantic lowered 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. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price 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.