The Procter & Gamble Company (NYSE:PG) Shares Bought by Davis R M Inc.

Davis R M Inc. boosted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,529 shares of the company's stock after purchasing an additional 11,087 shares during the quarter. Davis R M Inc.'s holdings in Procter & Gamble were worth $43,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble during the third quarter valued at approximately $33,000. Noble Wealth Management PBC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $39,000. Bay Harbor Wealth Management LLC lifted its position in Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock valued at $45,000 after acquiring an additional 243 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 of the company's stock, valued at $28,313,845.76. This 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 through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following 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. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.47.

Procter & Gamble Stock Performance

Shares of PG stock traded down $3.89 during trading hours on Wednesday, hitting $169.23. The company's stock had a trading volume of 5,870,579 shares, compared to its average volume of 6,400,809. 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 12-month low of $153.52 and a 12-month high of $180.43. The company has a 50 day moving average of $167.14 and a 200 day moving average of $169.84. The stock has a market cap of $396.81 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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 analysts' consensus estimates 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 revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.38%. Procter & Gamble's dividend payout ratio is presently 64.01%.

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.