The Procter & Gamble Company (NYSE:PG) Shares Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,947 shares of the company’s stock after purchasing an additional 540 shares during the period. Triangle Securities Wealth Management’s holdings in Procter & Gamble were worth $2,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PG. Advantage Trust Co purchased a new position in Procter & Gamble in the fourth quarter worth approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Argus boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Barclays boosted 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. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Performance

PG opened at $168.26 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.97. The stock has a market cap 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 stock’s 50 day simple moving average is $164.59 and its 200 day simple moving average is $158.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis 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 (DPR) is 65.85%.

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.