Investment Advisory Group LLC Sells 572 Shares of The Procter & Gamble Company (NYSE:PG)

Investment Advisory Group LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,526 shares of the company’s stock after selling 572 shares during the quarter. Procter & Gamble comprises about 1.2% of Investment Advisory Group LLC’s portfolio, making the stock its 21st biggest position. Investment Advisory Group LLC’s holdings in Procter & Gamble were worth $3,498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The stock was 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 $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several recent research reports. Piper Sandler increased their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Raymond James reduced their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Stock Up 0.7%

Procter & Gamble stock opened at $164.01 on Monday. The firm has a 50 day moving average price of $164.01 and a 200-day moving average price of $167.21. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a market capitalization of $384.53 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its 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 firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business 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 represents a $4.23 annualized dividend and a yield of 2.58%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.