Checchi Capital Advisers LLC Purchases 1,309 Shares of The Procter & Gamble Company (NYSE:PG)

Checchi Capital Advisers LLC increased its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,509 shares of the company’s stock after buying an additional 1,309 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Procter & Gamble were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Lansing Street Advisors purchased a new position in Procter & Gamble in the 1st quarter worth approximately $37,000. Western Pacific Wealth Management LP purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $40,000. Retirement Group LLC increased its stake in shares of Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after buying an additional 92 shares during the period. IAG Wealth Partners LLC increased its stake in shares of Procter & Gamble by 31.0% during the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after buying an additional 75 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $50,000. 63.64% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.0 %

Procter & Gamble stock opened at $144.72 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $142.90 and its two-hundred day simple moving average is $151.06. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a market capitalization of $347.23 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be issued a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, July 21st. Procter & Gamble’s payout ratio is currently 62.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Truist Financial reduced their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Evercore ISI set a $170.00 price target on Procter & Gamble in a research note on Monday, June 20th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Finally, Jefferies Financial Group upped their price target on Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Insider Activity

In other news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 1,599 shares of the stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at approximately $728,770. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Procter & Gamble Profile

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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