MB Levis & Associates LLC Acquires 76 Shares of Procter & Gamble Company (The) (NYSE:PG)

MB Levis & Associates LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,583 shares of the company’s stock after buying an additional 76 shares during the period. Procter & Gamble accounts for about 0.9% of MB Levis & Associates LLC’s portfolio, making the stock its 19th biggest holding. MB Levis & Associates LLC’s holdings in Procter & Gamble were worth $1,974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Meeder Advisory Services Inc. lifted its position in Procter & Gamble by 3.4% during the first quarter. Meeder Advisory Services Inc. now owns 62,559 shares of the company’s stock worth $10,661,000 after acquiring an additional 2,071 shares during the last quarter. Fiera Capital Corp increased its stake in shares of Procter & Gamble by 21.3% during the first quarter. Fiera Capital Corp now owns 42,392 shares of the company’s stock worth $7,224,000 after purchasing an additional 7,455 shares during the period. Picton Mahoney Asset Management lifted its holdings in Procter & Gamble by 153.5% during the 1st quarter. Picton Mahoney Asset Management now owns 107,596 shares of the company’s stock worth $18,336,000 after purchasing an additional 65,160 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Procter & Gamble by 0.8% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 56,356 shares of the company’s stock valued at $9,604,000 after purchasing an additional 465 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in Procter & Gamble by 12.9% in the 1st quarter. Evermay Wealth Management LLC now owns 8,131 shares of the company’s stock valued at $1,386,000 after buying an additional 929 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 sale, the insider directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of a number of recent analyst reports. Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday. Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Bank of America lowered their price objective 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. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $176.12.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $156.98 on Tuesday. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The stock’s 50 day moving average is $160.86 and its 200-day moving average is $164.24. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $368.05 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 4.51 and a beta of 0.40.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.