Advisory Services Network LLC Sells 5,118 Shares of The Procter & Gamble Company (NYSE:PG)

Advisory Services Network LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,471 shares of the company's stock after selling 5,118 shares during the period. Advisory Services Network LLC's holdings in Procter & Gamble were worth $16,844,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. NewSquare Capital LLC increased its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. increased its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the 4th quarter worth $34,000. Atlantic Private Wealth LLC boosted its holdings in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after buying an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in Procter & Gamble during the fourth quarter valued at about $38,000. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PG shares. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Truist Financial upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Trading Up 2.1 %

Procter & Gamble stock traded up $3.40 during trading hours on Friday, reaching $166.96. The company had a trading volume of 8,602,709 shares, compared to its average volume of 7,038,790. The firm has a market cap of $391.50 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a 50-day moving average price of $168.35 and a 200 day moving average price of $168.62.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the firm posted $1.84 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 67.20%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.