waypoint wealth counsel Acquires 261 Shares of Procter & Gamble Company (The) (NYSE:PG)

waypoint wealth counsel lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 18.9% during the first quarter, HoldingsChannel.com reports. The firm owned 1,639 shares of the company’s stock after purchasing an additional 261 shares during the period. waypoint wealth counsel’s holdings in Procter & Gamble were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after purchasing an additional 284,174 shares during the last quarter. FFT Wealth Management LLC increased its holdings in shares of Procter & Gamble by 6.9% in the fourth quarter. FFT Wealth Management LLC now owns 2,940 shares of the company’s stock valued at $493,000 after purchasing an additional 189 shares during the last quarter. Daner Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $373,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $135,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 sale, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.8%

PG opened at $159.03 on Thursday. The company’s 50 day moving average is $162.88 and its 200-day moving average is $165.83. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $372.85 billion, a P/E ratio of 25.24, a PEG ratio of 4.73 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.52 EPS. Equities research 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a positive change 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 annualized dividend and a yield of 2.66%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PG shares. Evercore ISI restated an “outperform” rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Piper Sandler upped their price target 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. Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Bank of America cut their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.45.

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.