Colonial Trust Advisors Decreases Position in The Procter & Gamble Company (NYSE:PG)

Colonial Trust Advisors decreased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,890 shares of the company's stock after selling 4,394 shares during the period. Procter & Gamble makes up about 1.7% of Colonial Trust Advisors' investment portfolio, making the stock its 14th largest position. Colonial Trust Advisors' holdings in Procter & Gamble were worth $19,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC raised its position in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after acquiring an additional 608,168 shares during the period. Garden State Investment Advisory Services LLC bought a new position in Procter & Gamble during the 3rd quarter worth about $201,000. Chiron Investment Management LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at about $4,276,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Procter & Gamble by 0.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 49,451 shares of the company's stock worth $8,565,000 after purchasing an additional 287 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

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Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. DA Davidson restated a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus boosted 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. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $2.24 on Monday, reaching $169.15. 4,129,989 shares of the stock were exchanged, compared to its average volume of 7,028,704. The business has a 50 day moving average price of $168.35 and a two-hundred day moving average price of $168.59. The firm has a market capitalization of $396.63 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. 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 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble's payout ratio is presently 67.20%.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.

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.