The Procter & Gamble Company (NYSE:PG) Stock Holdings Boosted by Crown Wealth Group LLC

Crown Wealth Group LLC raised its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 26.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,597 shares of the company’s stock after purchasing an additional 540 shares during the quarter. Crown Wealth Group LLC’s holdings in Procter & Gamble were worth $421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $17,696,000. Dfpg Investments LLC boosted its position in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares during the period. Campbell Wealth Management boosted its position in shares of Procter & Gamble by 13.1% in the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after buying an additional 231 shares during the period. Herold Advisors Inc. boosted its position in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after buying an additional 581 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after buying an additional 9,716 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.0 %

Procter & Gamble stock opened at $165.20 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business’s 50-day simple moving average is $165.82 and its 200-day simple moving average is $159.55. The firm has a market capitalization of $389.90 billion, a PE ratio of 26.99, a PEG ratio of 3.15 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group increased their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.72.

Check Out Our Latest Stock Report on PG

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 over the last three months. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

See Also

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

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