Weaver Capital Management LLC Grows Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Weaver Capital Management LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,950 shares of the company’s stock after buying an additional 902 shares during the quarter. Weaver Capital Management LLC’s holdings in Procter & Gamble were worth $2,718,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. increased its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’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 sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $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. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $158.93 on Friday. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market cap of $372.62 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 4.69 and a beta of 0.43. 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 firm has a fifty day moving average price of $163.35 and a 200 day moving average price of $166.07.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period in the previous year, the company earned $1.52 earnings per share. Procter & Gamble’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. 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 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble’s payout ratio is 67.14%.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Truist Financial dropped their price target 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. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

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.