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

Fifth Third Wealth Advisors LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,962 shares of the company’s stock after purchasing an additional 1,875 shares during the period. Procter & Gamble comprises 0.5% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Fifth Third Wealth Advisors LLC’s holdings in Procter & Gamble were worth $3,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Advantage Trust Co purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 price target on the stock. Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Truist Financial upgraded 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 note on Monday, March 11th. Finally, The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’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 completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,168,451.88. 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 corporate insiders.

Procter & Gamble Price Performance

Shares of PG traded down $0.83 during mid-day trading on Thursday, hitting $166.62. The company’s stock had a trading volume of 4,969,691 shares, compared to its average volume of 6,575,230. The firm has a 50-day simple moving average of $165.28 and a 200 day simple moving average of $158.54. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $393.25 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.39 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Analysts predict 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. Shareholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

About Procter & Gamble

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.