SOA Wealth Advisors LLC. lifted its holdings in shares of The Procter & Gamble Company (NYSE: PG – Get Rating) by 8.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,594 shares of the company stock after buying an additional 458 shares during the period. SOA Wealth Advisors LLC.’s holdings in Procter & Gamble were worth $ 854,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PG. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter worth $ 3,726,603,000. GQG Partners LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $ 1,231,791,000. UBS Asset Management Americas Inc. increased its stake in shares of Procter & Gamble by 33.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company stock worth $ 1,922,090,000 after purchasing an additional 3,467,039 shares during the last quarter. BlackRock Inc. increased its stake in shares of Procter & Gamble by 1.2% during the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company stock worth $ 25,651,517,000 after purchasing an additional 1,785,863 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Procter & Gamble by 1.7% during the 4th quarter. State Street Corp now owns 105,458,164 shares of the company stock worth $ 17,250,846,000 after buying an additional 1,716,517 shares during the period. Institutional investors own 63.64% of the company stock.
PG has been the subject of several recent analyst reports. Evercore ISI set a $ 170.00 price objective on shares of Procter & Gamble in a report on Monday. JPMorgan Chase & Co. downgraded shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $ 181.00 to $ 165.00 in a report on Wednesday, March 30th. Barclays decreased their price objective on shares of Procter & Gamble from $ 176.00 to $ 157.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $ 165.00 to $ 175.00 in a report on Tuesday, March 22nd. Finally, StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $ 164.73.
NYSE: PG opened at $ 132.36 on Tuesday. The company has a 50-day moving average of $ 150.55 and a 200-day moving average of $ 154.68. The company has a market capitalization of $ 317.57 billion, a price-to-earnings ratio of 23.10, a PEG 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 company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68.
Procter & Gamble (NYSE: PG – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, topping analysts’ consensus estimates of $ 1.28 by $ 0.05. The company had revenue of $ 19.38 billion during the quarter, compared to the estimate consensus of $ 18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $ 1.26 EPS. Sell-side analysts forecast that The Procter & Gamble Company will post 5.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a dividend of $ 0.9133 per share. This represents a $ 3.65 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.70%.
In related news, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $ 164.52, for a total transaction of $ 9,871,200.00. Following the completion of the sale, the chairman now owns 253,933 shares in the company, valued at approximately $ 41,777,057.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $ 162.43, for a total transaction of $ 54,251.62. Following the sale, the chief accounting officer now owns 1,220 shares of the company stock, valued at approximately $ 198,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock valued at $ 17,777,055 over the last ninety days. 0.51% of the stock is owned by insiders.
About Procter & Gamble: (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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