Spire Wealth Management Has $12.05 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Spire Wealth Management grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,686 shares of the company’s stock after acquiring an additional 3,529 shares during the period. Spire Wealth Management’s holdings in Procter & Gamble were worth $12,046,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PG. Unique Wealth LLC raised its stake in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC raised its stake in shares of Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock worth $993,000 after acquiring an additional 61 shares in the last quarter. Bernard Wealth Management Corp. raised its stake in shares of Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock worth $64,000 after acquiring an additional 63 shares in the last quarter. Kolinsky Wealth Management LLC raised its stake in shares of Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock worth $962,000 after acquiring an additional 64 shares in the last quarter. Finally, Retirement Planning Group LLC raised its stake in shares of Procter & Gamble by 1.4% during the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock worth $789,000 after acquiring an additional 64 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,995,627.94. This trade represents 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 Analyst Weigh In

PG has been the topic of several research reports. Citigroup decreased their price target 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. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price 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. Finally, Raymond James Financial decreased their target price 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. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $178.45.

Procter & Gamble Stock Performance

NYSE:PG opened at $159.03 on Thursday. The stock has a market cap of $372.85 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 4.73 and a beta of 0.43. The firm’s fifty day simple moving average is $162.88 and its 200 day simple moving average is $165.83. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last released its quarterly 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. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. As a group, research analysts predict that Procter & Gamble Company will post 6.91 EPS 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 issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 67.14%.

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.