Guggenheim Capital LLC Has $30.77 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Guggenheim Capital LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,524 shares of the company's stock after purchasing an additional 8,557 shares during the period. Guggenheim Capital LLC's holdings in Procter & Gamble were worth $30,768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PG. NewSquare Capital LLC lifted its holdings 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 during the period. Hoey Investments Inc. lifted its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC raised its holdings in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $38,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased 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. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Wells Fargo & Company upped their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Truist Financial raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Procter & Gamble Stock Up 2.5 %

Shares of PG traded up $4.20 during trading hours on Friday, hitting $170.59. 7,207,665 shares of the company were exchanged, compared to its average volume of 7,060,506. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market cap of $400.01 billion, a PE ratio of 27.16, a PEG ratio of 3.76 and a beta of 0.43. The firm's 50 day moving average is $168.37 and its 200-day moving average is $168.52. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's revenue for the quarter 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. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.48%. Procter & Gamble's payout ratio is presently 67.20%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company'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 owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by insiders.

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.