Partners Wealth Management LLC Sells 63 Shares of The Procter & Gamble Company (NYSE:PG)

Partners Wealth Management LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,924 shares of the company’s stock after selling 63 shares during the quarter. Procter & Gamble comprises about 1.1% of Partners Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Partners Wealth Management LLC’s holdings in Procter & Gamble were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cladis Investment Advisory LLC raised its stake in Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after buying an additional 236 shares during the period. FAS Wealth Partners Inc. raised its stake in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares during the period. Berkshire Asset Management LLC PA raised its stake in Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares during the period. Strategic Advisors LLC raised its stake in Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after buying an additional 1,818 shares during the period. Finally, Natural Investments LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $2,121,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $160.06 on Friday. The stock has a fifty day simple moving average of $163.75 and a two-hundred day simple moving average of $166.73. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm has a market cap of $375.27 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value 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 $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was 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 $8,386,111.70. The trade was a 1.89% 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PG. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Raymond James decreased their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

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.