Bolthouse Investments LLC Acquires New Position in The Procter & Gamble Company (NYSE:PG)

Bolthouse Investments LLC bought 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 SEC. The fund bought 3,101 shares of the company's stock, valued at approximately $520,000.

Several other hedge funds have also recently added to or reduced their stakes in PG. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. grew its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Atlantic Private Wealth LLC grew 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 acquiring an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter worth $38,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.5 %

PG traded up $0.85 during midday trading on Monday, hitting $161.87. 8,110,063 shares of the company were exchanged, compared to its average volume of 7,128,255. The firm has a market capitalization of $379.56 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm's 50 day moving average price is $168.16 and its 200-day moving average price is $168.32. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.61%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's payout ratio is currently 66.98%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PG shares. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday. Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday. Piper Sandler restated an "underperform" rating on shares of Procter & Gamble in a report on Friday. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $180.79.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were 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 of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

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.