The Procter & Gamble Company (NYSE:PG) Stock Position Lifted by Curated Wealth Partners LLC

Curated Wealth Partners LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 40.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,773 shares of the company’s stock after purchasing an additional 513 shares during the period. Curated Wealth Partners LLC’s holdings in Procter & Gamble were worth $302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dividend Assets Capital LLC raised its holdings in shares of Procter & Gamble by 6.2% during the first quarter. Dividend Assets Capital LLC now owns 8,059 shares of the company’s stock worth $1,373,000 after acquiring an additional 473 shares in the last quarter. Accurate Wealth Management LLC raised its position in shares of Procter & Gamble by 199.7% in the first quarter. Accurate Wealth Management LLC now owns 80,678 shares of the company’s stock valued at $13,465,000 after purchasing an additional 53,758 shares during the period. Ayrshire Capital Management LLC raised its holdings in Procter & Gamble by 2.1% in the 1st quarter. Ayrshire Capital Management LLC now owns 32,961 shares of the company’s stock worth $5,617,000 after acquiring an additional 679 shares during the period. Fiduciary Financial Group LLC lifted its position in shares of Procter & Gamble by 11.8% during the 1st quarter. Fiduciary Financial Group LLC now owns 4,131 shares of the company’s stock worth $676,000 after purchasing an additional 437 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in Procter & Gamble by 258.5% during the first quarter. Simplicity Wealth LLC now owns 56,556 shares of the company’s stock worth $9,638,000 after acquiring an additional 40,781 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $162.55 on Tuesday. The company has a 50-day simple moving average of $163.86 and a two-hundred day simple moving average of $167.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a market capitalization of $381.10 billion, a PE ratio of 25.88, a P/E/G ratio of 3.76 and a beta of 0.43.

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

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 66.98%.

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.