RFG Bristol Wealth Advisors LLC Makes New $1.48 Million Investment in The Procter & Gamble Company (NYSE:PG)

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,816 shares of the company's stock, valued at approximately $1,478,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC lifted its stake in Procter & Gamble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock valued at $9,457,000,000 after buying an additional 1,267,419 shares during the period. Norges Bank acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. Franklin Resources Inc. increased its stake in shares of Procter & Gamble by 6.4% in 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 in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of 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. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the business's 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 owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. Company insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Truist Financial boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson reiterated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

Procter & Gamble Stock Performance

PG traded up $2.67 during midday trading on Thursday, reaching $172.17. The company had a trading volume of 9,389,328 shares, compared to its average volume of 6,919,793. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The business has a 50-day moving average price of $169.07 and a two-hundred day moving average price of $169.27. The stock has a market cap of $403.71 billion, a PE 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.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during 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%. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed 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. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

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.