Finward Bancorp Takes $1.51 Million Position in The Procter & Gamble Company (NYSE:PG)

Finward Bancorp acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,977 shares of the company's stock, valued at approximately $1,505,000. Procter & Gamble accounts for approximately 1.3% of Finward Bancorp's holdings, making the stock its 19th largest holding.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the period. Geode Capital Management LLC increased its position in Procter & Gamble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $5,244,463,000. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after buying an additional 1,209,275 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Procter & Gamble by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after purchasing an additional 312,203 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 2.5 %

Shares of PG stock traded up $4.20 during trading on Friday, reaching $170.59. The company's stock had a trading volume of 7,207,665 shares, compared to its average volume of 7,057,471. The business has a fifty day moving average price of $168.39 and a 200-day moving average price of $168.51. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a market cap 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.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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 the consensus estimate of $21.66 billion. During the same quarter last year, the firm posted $1.84 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PG shares. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $181.50.

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.