Cushing Capital Partners LLC Purchases Shares of 5,929 The Procter & Gamble Company (NYSE:PG)

Cushing Capital Partners LLC bought a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,929 shares of the company's stock, valued at approximately $994,000.

Other large investors have also modified their holdings of the company. Lakeridge Wealth Management LLC grew its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after acquiring an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC grew its position in shares of Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after acquiring an additional 62 shares during the last quarter. Tevis Investment Management grew its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after acquiring an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA grew its position in shares of Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after acquiring an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC grew its position in shares of Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

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Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the 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 transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler decreased their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Finally, DA Davidson reiterated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.11.

Procter & Gamble Trading Down 1.8 %

PG stock traded down $3.19 during mid-day trading on Tuesday, reaching $173.07. 11,030,875 shares of the stock traded hands, compared to its average volume of 6,404,080. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a market cap of $405.83 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.76 and a beta of 0.41. The stock's fifty day moving average is $167.14 and its 200-day moving average is $169.84.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble's dividend payout ratio is 64.01%.

Procter & Gamble 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.