Scotia Capital Inc. Buys 39,709 Shares of The Procter & Gamble Company (NYSE:PG)

Scotia Capital Inc. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 468,413 shares of the company's stock after purchasing an additional 39,709 shares during the period. Scotia Capital Inc.'s holdings in Procter & Gamble were worth $78,536,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lakeridge Wealth Management LLC raised its holdings in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after buying an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC raised its stake in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after acquiring an additional 62 shares in the last quarter. Tevis Investment Management boosted its stake in shares of Procter & Gamble by 0.6% in the 4th 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 shares of Procter & Gamble by 3.3% during the 4th 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 last quarter. Finally, Alhambra Investment Management LLC increased its position in Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after purchasing an additional 66 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. 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, April 3rd. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Seven 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $181.50.

Procter & Gamble Stock Up 1.4 %

PG stock traded up $2.30 during trading on Monday, reaching $169.21. 3,851,446 shares of the stock were exchanged, compared to its average volume of 7,027,883. The firm has a market cap of $396.77 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The firm's 50 day moving average is $168.35 and its 200 day moving average is $168.59. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.50%. Procter & Gamble's payout ratio is presently 67.20%.

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.