8,479 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Marshall & Sterling Wealth Advisors Inc.

Marshall & Sterling Wealth Advisors Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,479 shares of the company's stock, valued at approximately $1,421,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings 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 boosted its holdings in Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock valued at $9,457,000,000 after acquiring an additional 1,267,419 shares during the period. Norges Bank purchased a new position in Procter & Gamble during the 4th quarter valued at $5,244,463,000. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Procter & Gamble by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock valued at $3,133,850,000 after acquiring an additional 312,203 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.85 during trading hours on Monday, hitting $161.87. 8,110,063 shares of the stock traded hands, compared to its average volume of 7,128,255. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year 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 stock has a market capitalization of $379.56 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.76 and a beta of 0.43. The firm's 50 day moving average price is $168.07 and its 200-day moving average price is $168.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal 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 issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.61%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PG. Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler restated an "underperform" rating on shares of Procter & Gamble in a report on Friday. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $164.00 to $177.00 in a research report on Friday. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.79.

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

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.