Bromfield Sneider Wealth Advisors Buys Shares of 1,010 The Procter & Gamble Company (NYSE:PG)

Bromfield Sneider Wealth Advisors bought a new stake in The Procter & Gamble Company (NYSE:PGGet Rating) during the 1st quarter, Holdings Channel reports. The fund bought 1,010 shares of the company’s stock, valued at approximately $154,000.

A number of other large investors also recently added to or reduced their stakes in the business. Brick & Kyle Associates grew its position in Procter & Gamble by 0.4% during the 3rd quarter. Brick & Kyle Associates now owns 14,884 shares of the company’s stock worth $2,098,000 after acquiring an additional 63 shares during the last quarter. Poplar Forest Capital LLC grew its position in Procter & Gamble by 0.3% during the 4th quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock worth $4,173,000 after acquiring an additional 64 shares during the last quarter. Ambassador Advisors LLC grew its position in Procter & Gamble by 2.2% during the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after acquiring an additional 65 shares during the last quarter. Kovack Advisors Inc. grew its position in Procter & Gamble by 0.3% during the 4th quarter. Kovack Advisors Inc. now owns 19,098 shares of the company’s stock worth $3,124,000 after acquiring an additional 66 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in Procter & Gamble by 2.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock worth $452,000 after acquiring an additional 66 shares during the last quarter. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now owns 1,220 shares in the company, valued at $198,164.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $164.10, for a total value of $2,953,800.00. Following the completion of the sale, the chief executive officer now owns 7,020 shares in the company, valued at approximately $1,151,982. The disclosure for this sale can be found here. Insiders sold 108,415 shares of company stock worth $17,777,055 in the last quarter. 0.51% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on PG shares. Jefferies Financial Group upped their price target on Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $165.00 to $175.00 in a research report on Tuesday, March 22nd. Evercore ISI set a $170.00 price target on Procter & Gamble in a research report on Monday. Finally, JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $181.00 to $165.00 in a research report on Wednesday, March 30th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $163.80.

Shares of Procter & Gamble stock opened at $138.50 on Thursday. The company has a market cap of $332.30 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The business has a 50 day moving average price of $149.68 and a 200-day moving average price of $154.44. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $19.38 billion during the quarter, compared to analyst estimates of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. Procter & Gamble’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 5.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a $0.9133 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.70%.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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