OneAscent Financial Services LLC Acquires 6,787 Shares of The Procter & Gamble Company (NYSE:PG)

OneAscent Financial Services LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,879 shares of the company's stock after purchasing an additional 6,787 shares during the period. OneAscent Financial Services LLC's holdings in Procter & Gamble were worth $4,339,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA grew its holdings in shares of Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Strategic Advisors LLC grew its holdings in Procter & Gamble by 3.4% in 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 last quarter. Copley Financial Group Inc. purchased a new position in shares of Procter & Gamble in the third quarter valued at about $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $569,000. Finally, Richard C. Young & CO. LTD. grew its stake in shares of Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after purchasing an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PG shares. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday. Finally, DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

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Procter & Gamble Stock Up 1.6 %

Procter & Gamble stock traded up $2.67 during mid-day trading on Thursday, reaching $172.17. The stock had a trading volume of 9,389,328 shares, compared to its average volume of 6,919,793. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a 50-day moving average price of $169.07 and a two-hundred day moving average price of $169.27. The company has a market capitalization of $403.71 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for 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%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction 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 sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.