The Procter & Gamble Company (NYSE:PG) Shares Acquired by Thrive Wealth Management LLC

Thrive Wealth Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,326 shares of the company’s stock after purchasing an additional 645 shares during the quarter. Procter & Gamble makes up approximately 0.5% of Thrive Wealth Management LLC’s holdings, making the stock its 27th largest position. Thrive Wealth Management LLC’s holdings in Procter & Gamble were worth $2,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Colorado Capital Management Inc. acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $1,013,000. Wealth Enhancement Advisory Services LLC boosted its stake in Procter & Gamble by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,493,787 shares of the company’s stock valued at $242,367,000 after acquiring an additional 19,979 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of Procter & Gamble by 1.7% during the first quarter. Procyon Advisors LLC now owns 64,148 shares of the company’s stock worth $10,408,000 after purchasing an additional 1,093 shares during the last quarter. Cardinal Capital Management increased its position in shares of Procter & Gamble by 8.6% during the first quarter. Cardinal Capital Management now owns 52,622 shares of the company’s stock worth $8,538,000 after purchasing an additional 4,174 shares in the last quarter. Finally, ERn Financial LLC lifted its holdings in shares of Procter & Gamble by 2.9% in the 1st quarter. ERn Financial LLC now owns 4,041 shares of the company’s stock valued at $656,000 after purchasing an additional 115 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $0.83 during mid-day trading on Thursday, reaching $166.62. The company had a trading volume of 4,969,691 shares, compared to its average volume of 6,575,230. The stock’s 50-day simple moving average is $165.28 and its 200-day simple moving average is $158.54. The company has a market capitalization of $393.25 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.39 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Analyst Ratings Changes

Several research analysts have commented on PG shares. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target 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. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the sale, the insider now owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by insiders.

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.