The Procter & Gamble Company (NYSE:PG) Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,360 shares of the company’s stock after buying an additional 1,073 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Procter & Gamble during the fourth quarter worth $50,049,000. Apollon Wealth Management LLC boosted its position in Procter & Gamble by 15.8% during the fourth quarter. Apollon Wealth Management LLC now owns 98,877 shares of the company’s stock worth $16,577,000 after purchasing an additional 13,478 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Procter & Gamble by 1.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 80,492 shares of the company’s stock worth $13,494,000 after purchasing an additional 1,434 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its position in Procter & Gamble by 2.0% during the fourth quarter. D Orazio & Associates Inc. now owns 6,269 shares of the company’s stock worth $1,051,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.7%

Procter & Gamble stock opened at $164.01 on Monday. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market capitalization of $384.53 billion, a P/E ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The stock has a 50-day simple moving average of $164.01 and a 200 day simple moving average of $167.21.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is 66.98%.

Analysts Set New Price Targets

A number of research firms have commented on PG. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. 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.