Diversify Wealth Management LLC Increases Stake in The Procter & Gamble Company (NYSE:PG)

Diversify Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 48.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,509 shares of the company's stock after purchasing an additional 7,045 shares during the quarter. Diversify Wealth Management LLC's holdings in Procter & Gamble were worth $3,411,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PG. Concurrent Investment Advisors LLC lifted its stake in shares of Procter & Gamble by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after acquiring an additional 4,035 shares during the period. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at $668,000. Fortem Financial Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $569,000. Nordea Investment Management AB raised its position in shares of Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company's stock worth $484,583,000 after acquiring an additional 201,695 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company's stock valued at $32,065,000 after buying an additional 6,077 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PG. Stifel Nicolaus reduced their price objective on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective for the company. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $179.65.

Procter & Gamble Stock Performance

PG traded up $0.64 on Tuesday, hitting $161.77. The company's stock had a trading volume of 13,904,402 shares, compared to its average volume of 7,422,382. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The firm has a market cap of $380.96 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $169.09 and its 200-day simple moving average is $169.44.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Analysts forecast that The Procter & Gamble Company will post 6.92 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 69.48%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at $7,189,463.68. This trade represents a 54.48 % 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 Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,447 shares of company stock valued at $12,978,820. 0.18% of the stock is currently owned by corporate insiders.

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.