Good Steward Wealth Advisors LLC Makes New $663,000 Investment in Procter & Gamble Company (The) (NYSE:PG)

Good Steward Wealth Advisors LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG) in the 1st quarter, HoldingsChannel reports. The fund purchased 3,890 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds also recently made changes to their positions in the stock. Cladis Investment Advisory LLC lifted its position in shares of Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after purchasing an additional 236 shares during the period. FAS Wealth Partners Inc. raised its stake in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA lifted its holdings in Procter & Gamble by 0.9% in the fourth 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 during the period. Natural Investments LLC bought a new stake in Procter & Gamble during the fourth quarter valued at $2,121,000. Finally, O Brien Greene & Co. Inc grew its holdings in Procter & Gamble by 5.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 3,085 shares of the company’s stock worth $517,000 after acquiring an additional 160 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PG shares. Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Raymond James Financial cut their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 transaction, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’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 value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% 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.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $157.86 on Friday. The stock has a market cap of $370.11 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 4.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm’s 50-day simple moving average is $163.51 and its 200 day simple moving average is $166.25.

Procter & Gamble (NYSE:PG) last posted its earnings results 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 analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date 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 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

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.