New Age Alpha Advisors LLC Purchases 33,413 Shares of Procter & Gamble Company (The) (NYSE:PG)

New Age Alpha Advisors LLC grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 73.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,126 shares of the company’s stock after purchasing an additional 33,413 shares during the period. Procter & Gamble makes up 0.6% of New Age Alpha Advisors LLC’s portfolio, making the stock its 17th biggest holding. New Age Alpha Advisors LLC’s holdings in Procter & Gamble were worth $13,485,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Unique Wealth LLC increased its holdings in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock worth $365,000 after buying an additional 61 shares during the last quarter. Stableford Capital II LLC grew its position in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock worth $993,000 after acquiring an additional 61 shares in the last quarter. Bernard Wealth Management Corp. grew its position 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 acquiring an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its position in Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after purchasing an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC lifted its stake in Procter & Gamble by 1.1% during 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 during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $150.80 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a 50-day moving average of $159.52 and a 200 day moving average of $163.97. The company has a market cap of $353.56 billion, a P/E ratio of 23.16, a PEG ratio of 3.98 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PG. Citigroup reduced 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. Truist Financial decreased 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 note on Friday, April 25th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Raymond James Financial decreased their target price 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. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.88.

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.