The Procter & Gamble Company (NYSE:PG) Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 258.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,556 shares of the company’s stock after acquiring an additional 40,781 shares during the quarter. Procter & Gamble accounts for about 0.7% of Simplicity Wealth LLC’s investment portfolio, making the stock its 22nd largest holding. Simplicity Wealth LLC’s holdings in Procter & Gamble were worth $9,638,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PG. Cladis Investment Advisory LLC lifted its stake in Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after buying an additional 236 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after buying an additional 2,179 shares during the last quarter. Strategic Advisors LLC lifted its stake in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after buying an additional 1,818 shares during the last quarter. Finally, Natural Investments LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $2,121,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $162.55 on Tuesday. 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 company has a market capitalization of $381.10 billion, a P/E ratio of 25.88, a P/E/G 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 firm has a 50-day moving average price of $163.86 and a two-hundred day moving average price of $167.11.

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

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the 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 completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This represents 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 this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PG. Bank of America cut their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Eight investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.86.

About Procter & Gamble

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.