The Procter & Gamble Company (NYSE:PG) Shares Sold by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,272 shares of the company’s stock after selling 102 shares during the quarter. Procter & Gamble comprises about 1.4% of Redwood Wealth Management Group LLC’s holdings, making the stock its 23rd largest position. Redwood Wealth Management Group LLC’s holdings in Procter & Gamble were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. Primoris Wealth Advisors LLC boosted its holdings in Procter & Gamble by 2.9% in the 1st quarter. Primoris Wealth Advisors LLC now owns 2,796 shares of the company’s stock valued at $454,000 after purchasing an additional 80 shares in the last quarter. 49 Wealth Management LLC boosted its holdings in Procter & Gamble by 25.1% in the 1st quarter. 49 Wealth Management LLC now owns 4,511 shares of the company’s stock valued at $724,000 after purchasing an additional 905 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Procter & Gamble by 5.2% in the 1st quarter. Tectonic Advisors LLC now owns 35,295 shares of the company’s stock valued at $5,727,000 after purchasing an additional 1,740 shares in the last quarter. Facet Wealth Inc. purchased a new stake in Procter & Gamble in the 1st quarter valued at approximately $236,000. Finally, NTV Asset Management LLC boosted its holdings in Procter & Gamble by 5.1% in the 1st quarter. NTV Asset Management LLC now owns 37,010 shares of the company’s stock valued at $6,005,000 after purchasing an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

PG traded up $1.07 during trading on Friday, hitting $166.61. The company’s stock had a trading volume of 4,684,642 shares, compared to its average volume of 5,851,573. The firm’s 50 day moving average price is $166.11 and its 200-day moving average price is $160.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market cap of $393.22 billion, a PE ratio of 27.22, a PEG ratio of 3.20 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the company earned $1.37 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PG shares. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Finally, Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.74.

Procter & Gamble Company Profile

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.