Beacon Pointe Advisors LLC Purchases 6,610 Shares of The Procter & Gamble Company (NYSE:PG)

Beacon Pointe Advisors LLC increased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,722 shares of the company's stock after buying an additional 6,610 shares during the period. Beacon Pointe Advisors LLC's holdings in Procter & Gamble were worth $57,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of PG. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Procter & Gamble during the fourth quarter valued at about $1,421,000. Whalerock Point Partners LLC boosted its holdings in Procter & Gamble by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 18,539 shares of the company's stock valued at $3,108,000 after acquiring an additional 245 shares during the period. Betterment LLC increased its stake in Procter & Gamble by 13.9% in the fourth quarter. Betterment LLC now owns 4,086 shares of the company's stock worth $685,000 after purchasing an additional 499 shares during the period. Prosperity Consulting Group LLC increased its stake in Procter & Gamble by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 25,292 shares of the company's stock worth $4,240,000 after buying an additional 560 shares during the period. Finally, Bolthouse Investments LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $520,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PG shares. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Piper Sandler restated an "underperform" rating on shares of Procter & Gamble in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.79.

Procter & Gamble Trading Up 0.9 %

Shares of Procter & Gamble stock opened at $161.04 on Monday. 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 firm has a market cap of $377.61 billion, a PE ratio of 25.64, a P/E/G ratio of 3.76 and a beta of 0.43. The stock has a fifty day moving average price of $168.16 and a 200-day moving average price of $168.32. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS 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 given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.62%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's payout ratio is presently 66.98%.

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.