Avior Wealth Management LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Avior Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,027 shares of the company’s stock after buying an additional 5,296 shares during the quarter. Avior Wealth Management LLC’s holdings in Procter & Gamble were worth $5,417,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PG. Advantage Trust Co purchased a new position in Procter & Gamble during the fourth quarter worth about $28,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. 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 raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Stock Up 0.8 %

Shares of NYSE PG traded up $1.38 during midday trading on Friday, hitting $165.21. 6,509,248 shares of the company’s stock were exchanged, compared to its average volume of 5,655,382. The firm’s fifty day simple moving average is $165.82 and its 200-day simple moving average is $159.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market cap of $389.92 billion, a PE ratio of 27.00, a P/E/G ratio of 3.13 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41.

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 the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Research 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. Stockholders 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 dividend yield of 2.44%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were 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 of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

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.