Slagle Financial LLC increased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,972 shares of the company's stock after purchasing an additional 2,371 shares during the quarter. Procter & Gamble makes up approximately 3.1% of Slagle Financial LLC's holdings, making the stock its 5th largest holding. Slagle Financial LLC's holdings in Procter & Gamble were worth $6,869,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Berkshire Asset Management LLC PA increased its position in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after buying an additional 2,179 shares during the period. Strategic Advisors LLC grew its holdings in shares of Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock worth $9,374,000 after acquiring an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $668,000. Fortem Financial Group LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $569,000. Finally, Richard C. Young & CO. LTD. boosted its position in shares of Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after purchasing an additional 2,568 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Insiders Place Their Bets
In other news, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last three months. 0.18% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on PG shares. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler dropped their price target 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. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.82.
Read Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Stock Performance
NYSE:PG traded up $1.60 during mid-day trading on Monday, hitting $169.63. 2,938,337 shares of the company traded hands, compared to its average volume of 6,874,161. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $168.60 and its 200-day moving average price is $169.31. The firm has a market cap of $397.77 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results 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 company had revenue of $21.88 billion during 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%. Procter & Gamble's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Research analysts anticipate 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 declared 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 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble's dividend payout ratio is presently 64.01%.
Procter & Gamble Company Profile
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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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