Dagco Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Dagco Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,646 shares of the company's stock, valued at approximately $3,461,000. Procter & Gamble accounts for 1.1% of Dagco Inc.'s portfolio, making the stock its 21st biggest holding.

Several other large investors also recently bought and sold shares of PG. Lakeridge Wealth Management LLC grew its holdings in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after purchasing an additional 60 shares during the period. Colton Groome Financial Advisors LLC grew its holdings in shares of Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after buying an additional 62 shares during the period. Tevis Investment Management raised its stake in Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after buying an additional 65 shares during the period. Dakota Community Bank & Trust NA increased its holdings in shares of Procter & Gamble by 3.3% in 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 in the last quarter. Finally, Alhambra Investment Management LLC increased its stake in Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG stock traded up $4.20 during midday trading on Friday, reaching $170.59. The company had a trading volume of 7,207,665 shares, compared to its average volume of 7,060,506. The company has a market capitalization of $400.01 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. 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 Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock has a 50 day moving average price of $168.37 and a 200-day moving average price of $168.52.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping 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 the consensus estimate of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be paid a $1.0568 dividend. 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. This represents a $4.23 annualized dividend and a yield of 2.48%. Procter & Gamble's dividend payout ratio is presently 67.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities 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 MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $181.50.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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 $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. 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.