The Procter & Gamble Company (NYSE:PG) Shares Bought by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 11.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,131 shares of the company’s stock after acquiring an additional 437 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Procter & Gamble were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Simplicity Wealth LLC boosted its stake in Procter & Gamble by 258.5% during the first quarter. Simplicity Wealth LLC now owns 56,556 shares of the company’s stock worth $9,638,000 after buying an additional 40,781 shares during the last quarter. West Paces Advisors Inc. boosted its holdings in Procter & Gamble by 3.7% in the 1st quarter. West Paces Advisors Inc. now owns 14,026 shares of the company’s stock valued at $2,390,000 after purchasing an additional 496 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Procter & Gamble by 22.4% in the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company’s stock valued at $7,951,000 after purchasing an additional 8,537 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Procter & Gamble by 3.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 34,551 shares of the company’s stock valued at $5,888,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Procter & Gamble by 24.2% in the first quarter. Harbor Capital Advisors Inc. now owns 41,775 shares of the company’s stock valued at $7,119,000 after acquiring an additional 8,128 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Bank of America decreased their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Piper Sandler upped their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Finally, Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Stock Down 0.9%

Procter & Gamble stock opened at $162.55 on Tuesday. 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 Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market cap of $381.10 billion, a PE ratio of 25.88, a P/E/G ratio of 3.76 and a beta of 0.43. The stock’s fifty day moving average is $163.86 and its two-hundred day moving average is $167.11.

Procter & Gamble (NYSE:PG) last issued its 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 business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble’s payout ratio is presently 66.98%.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s 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 transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.