20,201 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by AGP Franklin LLC

AGP Franklin LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,201 shares of the company's stock, valued at approximately $3,387,000. Procter & Gamble accounts for about 2.1% of AGP Franklin LLC's portfolio, making the stock its 13th biggest holding.

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

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company'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 directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of PG stock traded up $4.20 on Friday, reaching $170.59. The company had a trading volume of 7,207,665 shares, compared to its average volume of 7,057,471. The stock has a market capitalization of $400.01 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business's 50-day moving average is $168.39 and its 200 day moving average is $168.51. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.48%. Procter & Gamble's payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PG shares. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Truist Financial lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, DA Davidson restated a "buy" rating and set a $209.00 price objective 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 given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Company Profile

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.