The Procter & Gamble Company (NYSE:PG) Stake Boosted by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 556.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,244 shares of the company's stock after acquiring an additional 83,279 shares during the quarter. Procter & Gamble accounts for approximately 0.7% of SageView Advisory Group LLC's holdings, making the stock its 18th largest position. SageView Advisory Group LLC's holdings in Procter & Gamble were worth $16,471,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. raised its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC boosted its position in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new position in Procter & Gamble during the 4th quarter worth $38,000. 65.77% of the stock is currently owned by institutional investors.

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Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.58 during midday trading on Tuesday, reaching $168.56. The company's stock had a trading volume of 8,763,415 shares, compared to its average volume of 7,058,914. The company has a market cap of $395.24 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. 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 company has a 50 day moving average price of $168.34 and a 200 day moving average price of $168.56.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.51%. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PG shares. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.50.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 transaction, the chief executive officer now owns 22,051 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $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. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by corporate insiders.

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.