Shelton Capital Management Grows Position in The Procter & Gamble Company (NYSE:PG)

Shelton Capital Management boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,543 shares of the company's stock after buying an additional 17,166 shares during the period. Shelton Capital Management's holdings in Procter & Gamble were worth $17,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hoey Investments Inc. raised its stake in 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 buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. Atlantic Private Wealth LLC lifted its holdings in shares of 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 in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $38,000. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

PG stock traded up $3.40 during mid-day trading on Friday, hitting $166.96. 8,602,709 shares of the company were exchanged, compared to its average volume of 7,038,790. 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 Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The business has a 50 day simple moving average of $168.35 and a 200-day simple moving average of $168.62. The stock has a market capitalization of $391.50 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's quarterly 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 EPS. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.53%. Procter & Gamble's payout ratio is presently 67.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. DA Davidson restated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $181.50.

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.