Eagle Wealth Strategies LLC Sells 143 Shares of The Procter & Gamble Company (NYSE:PG)

Eagle Wealth Strategies LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,325 shares of the company’s stock after selling 143 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Procter & Gamble were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PG. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Procter & Gamble during the fourth quarter worth $50,049,000. Strategic Financial Concepts LLC raised its stake in Procter & Gamble by 19,587.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 288,624 shares of the company’s stock worth $48,388,000 after buying an additional 287,158 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Procter & Gamble by 1.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,814,391 shares of the company’s stock worth $974,783,000 after buying an additional 97,592 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Procter & Gamble by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 504,941 shares of the company’s stock worth $84,653,000 after buying an additional 1,548 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.7%

NYSE:PG opened at $164.01 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a 50-day moving average of $164.01 and a 200-day moving average of $167.25. The company has a market cap of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.58%. Procter & Gamble’s payout ratio is 66.98%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Truist Financial lowered their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Evercore ISI reissued an “outperform” rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Company 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.