Financial Life Planners Has $104,000 Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Financial Life Planners raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 38.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 611 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Financial Life Planners’ holdings in Procter & Gamble were worth $104,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Unique Wealth LLC raised its position in Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC increased its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock valued at $993,000 after purchasing an additional 61 shares during the last quarter. Bernard Wealth Management Corp. raised its holdings in shares of Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock valued at $64,000 after buying an additional 63 shares in the last quarter. Kolinsky Wealth Management LLC lifted its position in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock worth $962,000 after buying an additional 64 shares during the last quarter. Finally, Retirement Planning Group LLC grew its position in Procter & Gamble by 1.4% during the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock valued at $789,000 after acquiring an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’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 sale, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $159.03 on Thursday. The firm’s 50-day moving average price is $162.88 and its 200-day moving average price is $165.83. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a market cap of $372.85 billion, a PE ratio of 25.24, a PEG ratio of 4.73 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.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is 67.14%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PG. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Bank of America cut their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Raymond James Financial decreased their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Citigroup cut their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.45.

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.