Spirit of America Management Corp NY Lowers Position in Procter & Gamble Company (The) (NYSE:PG)

Spirit of America Management Corp NY lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,065 shares of the company’s stock after selling 200 shares during the period. Spirit of America Management Corp NY’s holdings in Procter & Gamble were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Unique Wealth LLC grew its stake in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock worth $365,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. grew its stake in Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock worth $64,000 after purchasing an additional 63 shares in the last quarter. Kolinsky Wealth Management LLC grew its stake in Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock worth $962,000 after purchasing an additional 64 shares in the last quarter. Retirement Planning Group LLC grew its stake in Procter & Gamble by 1.4% in the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock worth $789,000 after purchasing an additional 64 shares in the last quarter. Finally, First Citizens Financial Corp grew its stake in Procter & Gamble by 1.8% in the first quarter. First Citizens Financial Corp now owns 3,664 shares of the company’s stock worth $624,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Raymond James Financial dropped their price objective 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. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Evercore ISI reaffirmed an “outperform” rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Stock Down 0.4%

Procter & Gamble stock opened at $157.86 on Friday. 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 PEG ratio of 4.66 and a beta of 0.43. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The business has a fifty day moving average price of $163.51 and a 200-day moving average price of $166.25.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. 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%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s 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 transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale 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 firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of 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 disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.