LongView Wealth Management Has $1.12 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

LongView Wealth Management raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,554 shares of the company’s stock after buying an additional 94 shares during the quarter. LongView Wealth Management’s holdings in Procter & Gamble were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Walter & Keenan Wealth Management LLC IN ADV increased its stake in shares of Procter & Gamble by 1.2% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 34,638 shares of the company’s stock valued at $5,903,000 after acquiring an additional 410 shares during the last quarter. DecisionMap Wealth Management LLC grew its holdings in Procter & Gamble by 12.8% during the first quarter. DecisionMap Wealth Management LLC now owns 6,136 shares of the company’s stock valued at $1,046,000 after purchasing an additional 695 shares during the period. Blue Trust Inc. increased its stake in Procter & Gamble by 3.1% in the first quarter. Blue Trust Inc. now owns 75,908 shares of the company’s stock valued at $12,936,000 after purchasing an additional 2,268 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Procter & Gamble by 0.7% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,214 shares of the company’s stock worth $3,060,000 after purchasing an additional 129 shares during the period. Finally, Norris Perne & French LLP MI raised its holdings in Procter & Gamble by 40.5% in the first quarter. Norris Perne & French LLP MI now owns 5,718 shares of the company’s stock worth $974,000 after purchasing an additional 1,649 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Citigroup cut their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Raymond James Financial lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $157.86 on Friday. The stock has a market capitalization of $370.11 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 4.66 and a beta of 0.43. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The stock has a 50 day moving average price of $163.51 and a 200 day moving average price of $166.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the business earned $1.52 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.68%. Procter & Gamble’s payout ratio is currently 67.14%.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. The trade was 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 at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.