Moss Adams Wealth Advisors LLC Has $1.25 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Moss Adams Wealth Advisors LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,360 shares of the company’s stock after acquiring an additional 1,073 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Hoey Investments Inc. grew its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.7%

Shares of PG stock opened at $164.01 on Monday. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm has a market capitalization of $384.53 billion, a P/E ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The stock’s fifty day moving average is $164.01 and its two-hundred day moving average is $167.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

Analyst Ratings Changes

Several brokerages have issued reports on PG. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Citigroup lowered their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.