Millstone Evans Group LLC Purchases Shares of 7,223 The Procter & Gamble Company (NYSE:PG)

Millstone Evans Group LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,223 shares of the company's stock, valued at approximately $1,211,000. Procter & Gamble accounts for about 0.8% of Millstone Evans Group LLC's investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Swedbank AB grew its position in shares of Procter & Gamble by 3.9% in the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock worth $260,432,000 after buying an additional 56,583 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. Principal Financial Group Inc. increased its position in Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after purchasing an additional 608,168 shares during the period. United Bank increased its position in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after purchasing an additional 219 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth about $5,250,000. Institutional investors own 65.77% of the company's stock.

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Procter & Gamble Stock Performance

PG stock traded down $2.75 on Tuesday, hitting $162.90. The company had a trading volume of 8,365,995 shares, compared to its average volume of 6,476,854. The stock's 50-day simple moving average is $168.11 and its 200 day simple moving average is $169.58. The stock has a market cap of $381.98 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend 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 currently 64.01%.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were 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 trade represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was 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. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.