Intellus Advisors LLC Buys New Shares in The Procter & Gamble Company (NYSE:PG)

Intellus Advisors LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,865 shares of the company's stock, valued at approximately $480,000.

Several other large investors also recently modified their holdings of the stock. NewSquare Capital LLC boosted its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the third quarter worth approximately $33,000. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Atlantic Private Wealth LLC grew its position in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in Procter & Gamble during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PG. Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. DA Davidson reissued a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.47.

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Procter & Gamble Stock Performance

Shares of PG traded down $2.75 during mid-day trading on Tuesday, hitting $162.90. The stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week 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 business has a fifty day moving average price of $168.17 and a 200-day moving average price of $169.49. The firm has a market cap of $381.98 billion, a P/E ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble's dividend payout ratio is 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. This trade represents a 61.35 % 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 company insiders.

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.