Kingswood Wealth Advisors LLC Increases Holdings in Procter & Gamble Company (The) (NYSE:PG)

Kingswood Wealth Advisors LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 101.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,226 shares of the company’s stock after acquiring an additional 22,230 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Procter & Gamble were worth $7,540,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cladis Investment Advisory LLC lifted its stake in Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after buying an additional 236 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA lifted its stake in Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after buying an additional 2,179 shares in the last quarter. Natural Investments LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $2,121,000. Finally, O Brien Greene & Co. Inc lifted its stake in Procter & Gamble by 5.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 3,085 shares of the company’s stock valued at $517,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PG. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Trading Down 1.5%

PG stock opened at $158.53 on Wednesday. The company has a market cap of $371.67 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 4.74 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $163.73 and a 200-day simple moving average of $166.46. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during 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 business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed 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 2.67%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio is presently 67.14%.

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.