Capital Advisors Ltd. LLC Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Capital Advisors Ltd. LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 18.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,036 shares of the company’s stock after purchasing an additional 635 shares during the period. Capital Advisors Ltd. LLC’s holdings in Procter & Gamble were worth $688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $50,049,000. Sovran Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $736,000. Quent Capital LLC increased its stake in shares of Procter & Gamble by 6.1% during the fourth quarter. Quent Capital LLC now owns 12,893 shares of the company’s stock worth $2,162,000 after buying an additional 739 shares during the period. Finally, Augustine Asset Management Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $493,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the 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 approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were 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 approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PG shares. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Eight research 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. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $162.19 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a fifty day moving average price of $163.64 and a 200 day moving average price of $167.05. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a market cap of $380.25 billion, a PE ratio of 25.83, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.61%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

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.