Duncan Williams Asset Management LLC Grows Position in Procter & Gamble Company (The) (NYSE:PG)

Duncan Williams Asset Management LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,680 shares of the company’s stock after purchasing an additional 262 shares during the period. Duncan Williams Asset Management LLC’s holdings in Procter & Gamble were worth $1,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Trust Walden Corp lifted its position in Procter & Gamble by 87.7% during the first quarter. Boston Trust Walden Corp now owns 482,323 shares of the company’s stock worth $82,197,000 after buying an additional 225,389 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in shares of Procter & Gamble by 20.3% in the 1st quarter. Global X Japan Co. Ltd. now owns 3,689 shares of the company’s stock worth $629,000 after acquiring an additional 622 shares during the last quarter. Friedenthal Financial increased its stake in shares of Procter & Gamble by 1,421.2% in the 1st quarter. Friedenthal Financial now owns 502 shares of the company’s stock worth $86,000 after acquiring an additional 469 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 151.0% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 9,501 shares of the company’s stock valued at $1,619,000 after acquiring an additional 5,715 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its holdings in shares of Procter & Gamble by 5.8% in the first quarter. Centennial Wealth Advisory LLC now owns 4,311 shares of the company’s stock valued at $735,000 after purchasing an additional 237 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $157.86 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market capitalization of $370.11 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.67 and a beta of 0.43. The business has a 50-day moving average of $163.63 and a 200 day moving average of $166.40. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed 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 represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Raymond James Financial decreased their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight equities research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Insider Transactions 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 completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 directly owns 25,182 shares in the company, 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. Corporate insiders own 0.18% of the company’s stock.

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.