Traveka Wealth LLC Has $1.77 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Traveka Wealth LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,368 shares of the company’s stock after buying an additional 486 shares during the quarter. Procter & Gamble comprises 1.0% of Traveka Wealth LLC’s investment portfolio, making the stock its 28th largest holding. Traveka Wealth LLC’s holdings in Procter & Gamble were worth $1,767,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cladis Investment Advisory LLC grew its position in Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after acquiring an additional 236 shares during the period. FAS Wealth Partners Inc. grew its holdings in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after purchasing an additional 549 shares during the last quarter. Natural Investments LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $2,121,000. Yoffe Investment Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $1,874,000. Finally, Sanders Capital LLC boosted its holdings in Procter & Gamble by 1.4% in the fourth quarter. Sanders Capital LLC now owns 7,353,715 shares of the company’s stock valued at $1,232,850,000 after acquiring an additional 104,168 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the 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 completion of the sale, the chief executive officer directly owned 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This trade 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 corporate insiders.

Procter & Gamble Trading Down 0.3%

NYSE PG opened at $160.72 on Friday. The business’s 50-day moving average price is $162.10 and its two-hundred day moving average price is $165.28. The firm has a market capitalization of $376.82 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 4.58 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.63%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PG. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Bank of America dropped their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Raymond James Financial lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler boosted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.45.

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.