The Procter & Gamble Company (NYSE:PG) Holdings Lifted by Fayez Sarofim & Co

Fayez Sarofim & Co grew its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,907,842 shares of the company's stock after purchasing an additional 474,432 shares during the period. Procter & Gamble makes up approximately 2.0% of Fayez Sarofim & Co's holdings, making the stock its 13th largest holding. Fayez Sarofim & Co owned approximately 0.21% of Procter & Gamble worth $825,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC grew its stake in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares in the last quarter. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Atlantic Private Wealth LLC increased its stake in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after buying an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. purchased a new position in Procter & Gamble in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial lifted their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Tuesday. 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 research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $6.14 during midday trading on Thursday, hitting $159.59. 20,063,484 shares of the company's stock were exchanged, compared to its average volume of 7,095,670. The Procter & Gamble Company has a twelve month low of $156.61 and a twelve month high of $180.43. 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 firm has a market cap of $374.21 billion, a P/E ratio of 25.41, a PEG ratio of 3.76 and a beta of 0.43. The stock's 50 day moving average price is $168.31 and its 200-day moving average price is $168.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. During the same period in the previous year, the business posted $1.52 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be paid a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.65%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is currently 67.20%.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 22,051 shares in the company, valued at $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. Insiders own 0.18% of the company's stock.

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.