Creekmur Asset Management LLC Has $1.71 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Creekmur Asset Management LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,041 shares of the company’s stock after buying an additional 1,104 shares during the period. Creekmur Asset Management LLC’s holdings in Procter & Gamble were worth $1,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cladis Investment Advisory LLC lifted its position in Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after acquiring an additional 236 shares during the period. FAS Wealth Partners Inc. raised its stake in shares of 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 acquiring an additional 549 shares during the period. Capital Investment Advisory Services LLC grew its holdings in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after purchasing an additional 4,562 shares during the last quarter. World Investment Advisors boosted its holdings in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after buying an additional 2,886 shares in the last quarter. Finally, Yoffe Investment Management LLC acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $1,874,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

PG stock opened at $154.89 on Friday. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43. The company has a market cap of $363.15 billion, a P/E ratio of 24.54, a PEG ratio of 4.38 and a beta of 0.40. The firm has a 50-day moving average of $161.37 and a 200 day moving average of $164.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm 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 business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.73%. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PG shares. Piper Sandler increased their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $176.84.

Insider Activity at Procter & Gamble

In related 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 completion of the transaction, the insider owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares of the company’s stock, valued at $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 currently owned by company 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.