Smith Salley Wealth Management Buys 717 Shares of Procter & Gamble Company (The) (NYSE:PG)

Smith Salley Wealth Management grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,364 shares of the company’s stock after buying an additional 717 shares during the period. Procter & Gamble accounts for 1.7% of Smith Salley Wealth Management’s portfolio, making the stock its 16th biggest holding. Smith Salley Wealth Management’s holdings in Procter & Gamble were worth $25,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saxon Interests Inc. lifted its holdings in shares of Procter & Gamble by 4.0% in the first quarter. Saxon Interests Inc. now owns 2,743 shares of the company’s stock worth $467,000 after buying an additional 106 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 1st quarter worth approximately $732,000. DSG Capital Advisors LLC boosted its stake in Procter & Gamble by 0.4% during the first quarter. DSG Capital Advisors LLC now owns 35,320 shares of the company’s stock worth $6,019,000 after buying an additional 135 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Procter & Gamble by 6.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 30,483 shares of the company’s stock worth $5,195,000 after purchasing an additional 1,803 shares during the period. Finally, J.Safra Asset Management Corp raised its position in Procter & Gamble by 20.6% in the 1st quarter. J.Safra Asset Management Corp now owns 3,695 shares of the company’s stock worth $630,000 after purchasing an additional 631 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred 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 owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 directly owned 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.4%

Shares of NYSE:PG opened at $159.29 on Tuesday. The company has a market capitalization of $373.46 billion, a PE ratio of 25.28, a P/E/G ratio of 4.71 and a beta of 0.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The business’s fifty day simple moving average is $162.30 and its 200-day simple moving average is $165.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is an increase 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 2.65%. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Analysts Set New Price Targets

PG has been the topic of several recent analyst reports. Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Finally, Bank of America lowered 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 research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average 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.