LPL Financial LLC Purchases 163,545 Shares of The Procter & Gamble Company (NYSE:PG)

LPL Financial LLC increased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,291,160 shares of the company's stock after purchasing an additional 163,545 shares during the period. LPL Financial LLC owned 0.14% of Procter & Gamble worth $551,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Berkshire Asset Management LLC PA boosted its position in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after buying an additional 2,179 shares during the period. Strategic Advisors LLC increased its holdings in shares of Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after purchasing an additional 1,818 shares during the period. Copley Financial Group Inc. acquired a new stake in Procter & Gamble in the third quarter worth about $668,000. Fortem Financial Group LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $569,000. Finally, Richard C. Young & CO. LTD. raised its position in shares of Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after buying an additional 2,568 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 1.8 %

Procter & Gamble stock traded down $3.04 during mid-day trading on Tuesday, hitting $162.61. The company's stock had a trading volume of 2,848,541 shares, compared to its average volume of 6,476,854. The company has a market cap of $381.31 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 firm's 50 day moving average is $168.11 and its 200 day moving average is $169.58.

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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 firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.48%. Procter & Gamble's payout ratio is 64.01%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. DA Davidson reissued a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.47.

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.