Capital Asset Advisory Services LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

Capital Asset Advisory Services LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,239 shares of the company’s stock after buying an additional 1,229 shares during the period. Capital Asset Advisory Services LLC’s holdings in Procter & Gamble were worth $6,750,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PG. HighPoint Advisor Group LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $17,696,000. Dfpg Investments LLC lifted its position in Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares in the last quarter. Campbell Wealth Management boosted its stake in Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after buying an additional 231 shares during the last quarter. Herold Advisors Inc. increased its stake in shares of Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Procter & Gamble by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Insider Activity

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

Procter & Gamble Price Performance

Shares of PG traded down $1.69 during trading hours on Friday, reaching $164.93. The company had a trading volume of 9,253,066 shares, compared to its average volume of 6,596,827. The company has a market capitalization of $389.26 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. 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.

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

Procter & Gamble Increases Dividend

The business also recently declared 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 is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

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.