Revolve Wealth Partners LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Revolve Wealth Partners LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,547 shares of the company’s stock after buying an additional 377 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Procter & Gamble were worth $1,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lakeridge Wealth Management LLC boosted its stake in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after buying an additional 60 shares during the last quarter. Unique Wealth LLC increased its position in shares of Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after acquiring an additional 61 shares during the last quarter. Kolinsky Wealth Management LLC raised its holdings in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock valued at $962,000 after buying an additional 64 shares during the period. Retirement Planning Group LLC raised its holdings in shares of Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock valued at $789,000 after buying an additional 64 shares during the period. Finally, First Citizens Financial Corp raised its holdings in shares of 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 buying an additional 64 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’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 sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on 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 owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PG. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Evercore ISI reissued an “outperform” rating and set a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $164.01 on Friday. The business’s fifty day moving average price is $164.01 and its two-hundred day moving average price is $167.25. The stock has a market cap of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. 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 Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results 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 for 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%. Procter & Gamble’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. On average, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

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.