The Procter & Gamble Company (NYSE:PG) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its position in The Procter & Gamble Company (NYSE:PG) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,358 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Procter & Gamble were worth $3,863,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wendell David Associates Inc. lifted its holdings in Procter & Gamble by 0.5% in the third quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock valued at $13,685,000 after acquiring an additional 491 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Procter & Gamble by 9.3% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock valued at $3,490,000 after purchasing an additional 2,043 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Procter & Gamble by 10.8% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock worth $3,016,000 after buying an additional 2,011 shares during the period. Modus Advisors LLC increased its holdings in Procter & Gamble by 1.4% in the third quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock valued at $2,233,000 after buying an additional 214 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. raised its holdings in Procter & Gamble by 1.2% during the third quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock worth $3,000,000 after purchasing an additional 244 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Raymond James lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target for the company. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Performance

Shares of PG stock opened at $163.24 on Wednesday. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $164.32. The company has a market cap of $385.27 billion, a PE ratio of 26.67, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $159.82 and its 200-day simple moving average is $153.91.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for 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 revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders have sold 55,865 shares of company stock valued at $9,009,280 in the last quarter. Company 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.