Stonehaven Wealth & Tax Solutions LLC Purchases New Shares in The Procter & Gamble Company (NYSE:PG)

Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,144 shares of the company's stock, valued at approximately $359,000.

Other institutional investors have also made changes to their positions in the company. Lakeridge Wealth Management LLC grew its stake in shares of Procter & Gamble by 0.6% during the fourth 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 during the last quarter. Colton Groome Financial Advisors LLC increased its holdings in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after purchasing an additional 62 shares in the last quarter. Tevis Investment Management grew its holdings in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after purchasing an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in Procter & Gamble by 3.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock valued at $348,000 after buying an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC grew its holdings 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 acquiring an additional 66 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent research reports. Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Stifel Nicolaus increased their target price 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. Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Finally, Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Insider Activity

In related news, 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 directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % 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, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated 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 directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

PG traded up $4.20 during trading hours on Friday, hitting $170.59. The stock had a trading volume of 7,207,665 shares, compared to its average volume of 7,057,471. The stock has a market cap of $400.01 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. 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 company's fifty day simple moving average is $168.39 and its 200 day simple moving average is $168.51.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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 analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.84 earnings per share. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm 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 represents a $4.23 annualized dividend and a yield of 2.48%. 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. 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.