Tandem Investment Partners LLC Makes New $737,000 Investment in The Procter & Gamble Company (NYSE:PG)

Tandem Investment Partners LLC bought a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,394 shares of the company's stock, valued at approximately $737,000.

A number of other institutional investors also recently bought and sold shares of the stock. APG Asset Management N.V. grew its stake in shares of Procter & Gamble by 1,709.5% during the fourth quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after buying an additional 1,895,421 shares during the last quarter. Straightline Group LLC bought a new position in Procter & Gamble in the 4th quarter valued at $248,000. Bernard Wealth Management Corp. purchased a new stake in Procter & Gamble in the fourth quarter worth $74,000. German American Bancorp Inc. lifted its position in shares of Procter & Gamble by 1.4% during the fourth quarter. German American Bancorp Inc. now owns 68,000 shares of the company's stock worth $11,400,000 after purchasing an additional 936 shares during the last quarter. Finally, Sandhill Capital Partners LLC boosted its stake in shares of Procter & Gamble by 0.6% during the fourth quarter. Sandhill Capital Partners LLC now owns 39,367 shares of the company's stock valued at $6,600,000 after purchasing an additional 226 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.50.

Procter & Gamble Stock Up 2.1 %

NYSE PG traded up $3.40 on Friday, hitting $166.96. The stock had a trading volume of 8,602,709 shares, compared to its average volume of 7,038,790. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The business's fifty day moving average price is $168.35 and its 200 day moving average price is $168.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $391.50 billion, a price-to-earnings 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 announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. 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 posted $1.84 EPS. Equities research analysts anticipate 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. Investors of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.53%. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. 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. Insiders own 0.18% of the company's stock.

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.