The Procter & Gamble Company (NYSE:PG) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 356,712 shares of the company’s stock after buying an additional 8,439 shares during the quarter. Private Advisor Group LLC’s holdings in Procter & Gamble were worth $52,273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $33,000. MeadowBrook Investment Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $33,000. Finally, Mendota Financial Group LLC boosted its stake in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,605,961.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction 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 transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,605,961.10. The disclosure for this sale can be found here. Insiders sold a total of 118,724 shares of company stock worth $19,312,729 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” 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 price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, UBS Group raised their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock traded up $0.88 during trading hours on Tuesday, reaching $165.32. 3,347,151 shares of the stock traded hands, compared to its average volume of 6,859,820. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $390.18 billion, a PE ratio of 27.01, a PEG ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $166.04. The business has a fifty day moving average price of $160.10 and a 200 day moving average price of $154.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

Procter & Gamble Company 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.