Wolf Group Capital Advisors Acquires 1,406 Shares of Procter & Gamble Company (The) (NYSE:PG)

Wolf Group Capital Advisors boosted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 13.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,695 shares of the company’s stock after purchasing an additional 1,406 shares during the quarter. Wolf Group Capital Advisors’ holdings in Procter & Gamble were worth $1,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’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 in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Piper Sandler increased 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. Truist Financial decreased their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Citigroup decreased their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock 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 assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Price Performance

PG opened at $158.53 on Wednesday. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $163.73 and its 200-day simple moving average is $166.46. The company has a market capitalization of $371.67 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 4.74 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 given a dividend of $1.0568 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.67%. Procter & Gamble’s dividend payout ratio is presently 67.14%.

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.