Priebe Wealth Holdings LLC Sells 64 Shares of The Procter & Gamble Company (NYSE:PG)

Priebe Wealth Holdings LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,180 shares of the company’s stock after selling 64 shares during the period. Priebe Wealth Holdings LLC’s holdings in Procter & Gamble were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Abacus Planning Group Inc. grew its stake in shares of Procter & Gamble by 1.2% during the 1st quarter. Abacus Planning Group Inc. now owns 5,759 shares of the company’s stock valued at $981,000 after acquiring an additional 67 shares during the period. Capital Investment Advisors LLC lifted its holdings in Procter & Gamble by 0.8% during the first quarter. Capital Investment Advisors LLC now owns 211,461 shares of the company’s stock valued at $36,037,000 after purchasing an additional 1,755 shares in the last quarter. Hickory Point Bank & Trust boosted its position in shares of Procter & Gamble by 1.6% in the first quarter. Hickory Point Bank & Trust now owns 5,148 shares of the company’s stock worth $877,000 after purchasing an additional 83 shares during the period. Central Bank & Trust Co. increased its stake in shares of Procter & Gamble by 3.1% in the first quarter. Central Bank & Trust Co. now owns 13,335 shares of the company’s stock worth $2,273,000 after purchasing an additional 400 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its position in shares of Procter & Gamble by 1.2% during the 1st quarter. Meridian Financial Partners LLC now owns 12,747 shares of the company’s stock valued at $2,172,000 after purchasing an additional 151 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, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PG. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Eight equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Stock Up 0.7%

NYSE PG opened at $164.01 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The firm has a market capitalization of $384.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The company has a fifty day moving average of $164.01 and a two-hundred day moving average of $167.21.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid 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 of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio is currently 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.