Johnson Financial Group Inc. Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Johnson Financial Group Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,066 shares of the company's stock after purchasing an additional 14,379 shares during the period. Procter & Gamble comprises about 0.6% of Johnson Financial Group Inc.'s holdings, making the stock its 26th largest holding. Johnson Financial Group Inc.'s holdings in Procter & Gamble were worth $12,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 933.3% during the 4th 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. raised its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Atlantic Private Wealth LLC increased its stake in 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 during the period. Finally, Prudent Man Investment Management Inc. purchased a new position in Procter & Gamble in the 4th quarter worth approximately $38,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the business's 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. The trade was a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG traded up $0.85 during mid-day trading on Monday, hitting $161.87. 8,110,063 shares of the stock traded hands, compared to its average volume of 7,128,255. 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 Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a market cap of $379.56 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.76 and a beta of 0.43. The stock has a fifty day moving average price of $168.16 and a 200-day moving average price of $168.32.

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, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.61%. 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. Procter & Gamble's payout ratio is 66.98%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PG shares. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a research note on Friday. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $180.79.

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.