Atwood & Palmer Inc. Has $3.62 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Atwood & Palmer Inc. lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 22,335 shares of the company’s stock after selling 980 shares during the quarter. Atwood & Palmer Inc.’s holdings in Procter & Gamble were worth $3,624,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PG. Aprio Wealth Management LLC increased its stake in shares of Procter & Gamble by 12.8% during the 1st quarter. Aprio Wealth Management LLC now owns 6,027 shares of the company’s stock worth $978,000 after purchasing an additional 683 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Procter & Gamble by 10.7% during the 1st quarter. Park Avenue Securities LLC now owns 83,748 shares of the company’s stock worth $13,588,000 after purchasing an additional 8,084 shares during the last quarter. Legacy Financial Group LLC bought a new position in Procter & Gamble in the 1st quarter worth $270,000. BCS Wealth Management raised its holdings in Procter & Gamble by 66.5% in the 1st quarter. BCS Wealth Management now owns 10,638 shares of the company’s stock worth $1,726,000 after acquiring an additional 4,247 shares during the period. Finally, Lantz Financial LLC raised its holdings in Procter & Gamble by 1.9% in the 1st quarter. Lantz Financial LLC now owns 4,452 shares of the company’s stock worth $722,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $168.26 on Friday. The firm has a market capitalization of $397.12 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.97. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $164.59 and a 200-day moving average of $158.09.

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 analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the business posted $1.37 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.39%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was 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 owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble 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.