Rahlfs Capital LLC acquired a new position in shares of 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 firm acquired 2,755 shares of the company's stock, valued at approximately $462,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $142,000. Wedbush Securities Inc. raised its holdings in Procter & Gamble by 10.1% in the 4th quarter. Wedbush Securities Inc. now owns 70,313 shares of the company's stock valued at $11,788,000 after acquiring an additional 6,456 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Procter & Gamble by 0.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,130,358 shares of the company's stock valued at $524,805,000 after acquiring an additional 11,076 shares during the period. Perennial Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 7.5% during the 4th quarter. Perennial Investment Advisors LLC now owns 6,055 shares of the company's stock worth $1,015,000 after purchasing an additional 425 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its position in shares of Procter & Gamble by 14.8% in the fourth quarter. Sit Investment Associates Inc. now owns 80,245 shares of the company's stock worth $13,453,000 after purchasing an additional 10,330 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.
Procter & Gamble Trading Down 5.0 %
PG traded down $8.66 during midday trading on Friday, hitting $163.73. 13,446,957 shares of the company were exchanged, compared to its average volume of 6,942,870. The firm's 50 day moving average price is $169.17 and its 200-day moving average price is $169.12. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The firm has a market capitalization of $383.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.
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 analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble's payout ratio is 64.01%.
Insider Buying and Selling at Procter & Gamble
In related news, insider Marc S. Pritchard sold 90,450 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Truist Financial boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $182.00.
Get Our Latest Research Report on Procter & Gamble
Procter & Gamble Profile
(
Free Report)
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.
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