Iams Wealth Management LLC Buys 459 Shares of The Procter & Gamble Company (NYSE:PG)

Iams Wealth Management LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 10,867 shares of the company’s stock after purchasing an additional 459 shares during the quarter. Procter & Gamble makes up approximately 1.1% of Iams Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Iams Wealth Management LLC’s holdings in Procter & Gamble were worth $1,739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. HighPoint Advisor Group LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $17,696,000. Dfpg Investments LLC increased its holdings in Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after acquiring an additional 424 shares in the last quarter. Campbell Wealth Management increased its holdings in Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after acquiring an additional 231 shares in the last quarter. Herold Advisors Inc. increased its holdings in Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

PG traded up $0.60 on Tuesday, hitting $163.32. The company had a trading volume of 1,839,652 shares, compared to its average volume of 6,567,027. The stock has a fifty day moving average price of $165.60 and a 200-day moving average price of $158.89. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market capitalization of $385.46 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 3.35 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble’s payout ratio is 65.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PG. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Argus increased their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Insider Buying and Selling

In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 over the last quarter. 0.17% of the stock is currently owned by company 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.