9,639 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,639 shares of the company's stock, valued at approximately $1,616,000. Procter & Gamble makes up 1.4% of Potomac Fund Management Inc. ADV's investment portfolio, making the stock its 13th largest holding.

Several other large investors also recently made changes to their positions in PG. Lakeridge Wealth Management LLC raised its position in Procter & Gamble by 0.6% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC raised its holdings in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after purchasing an additional 62 shares during the period. Tevis Investment Management lifted its position in Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after purchasing an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA grew its holdings in Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock valued at $348,000 after purchasing an additional 66 shares during the period. Finally, Alhambra Investment Management LLC increased its position in Procter & Gamble by 1.2% in the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

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Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Wells Fargo & Company increased 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, Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

Procter & Gamble Trading Up 1.6 %

PG stock traded up $2.67 during midday trading on Thursday, reaching $172.17. 9,332,945 shares of the company traded hands, compared to its average volume of 6,919,761. The firm has a market capitalization of $403.71 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.76 and a beta of 0.41. 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 business has a 50 day moving average of $169.07 and a 200-day moving average of $169.27. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. Procter & Gamble's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side 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 given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

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.