The Procter & Gamble Company (NYSE:PG) Shares Purchased by Good Life Advisors LLC

Good Life Advisors LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,810 shares of the company’s stock after buying an additional 358 shares during the period. Good Life Advisors LLC’s holdings in Procter & Gamble were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. State Street Corp boosted its holdings in shares of Procter & Gamble by 0.8% during the second quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after acquiring an additional 817,674 shares during the period. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after purchasing an additional 510,559 shares during the last quarter. Morgan Stanley boosted its stake in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after acquiring an additional 3,047,557 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.2 %

Shares of NYSE PG traded down $0.36 during trading hours on Thursday, hitting $162.25. 6,791,781 shares of the stock were exchanged, compared to its average volume of 6,902,217. The firm has a fifty day moving average price of $158.42 and a 200-day moving average price of $152.16. The company has a market cap of $381.78 billion, a PE ratio of 27.19, a PEG ratio of 3.28 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.59 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price objective on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.41.

Procter & Gamble Profile

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.