WESPAC Advisors SoCal LLC Acquires 2,400 Shares of The Procter & Gamble Company (NYSE:PG)

WESPAC Advisors SoCal LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,774 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Procter & Gamble makes up about 1.3% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 27th biggest position. WESPAC Advisors SoCal LLC’s holdings in Procter & Gamble were worth $5,155,000 at the end of the most recent quarter.

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

Procter & Gamble Stock Performance

NYSE PG opened at $162.31 on Tuesday. The firm has a market cap of $383.07 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The company has a 50 day moving average of $165.60 and a 200-day moving average of $158.89. 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 announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

Analyst Ratings Changes

A number of brokerages have recently commented on PG. Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, 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 transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.