The Procter & Gamble Company (NYSE:PG) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,126,656 shares of the company's stock after purchasing an additional 7,910 shares during the period. Procter & Gamble comprises approximately 0.7% of Treasurer of the State of North Carolina's portfolio, making the stock its 17th biggest holding. Treasurer of the State of North Carolina's holdings in Procter & Gamble were worth $188,884,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. Hoey Investments Inc. boosted its stake in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the 4th quarter worth about $34,000. Atlantic Private Wealth LLC raised its stake in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Remove Ads

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in the last ninety days. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $2.24 during midday trading on Monday, hitting $169.15. The company's stock had a trading volume of 4,129,989 shares, compared to its average volume of 7,028,704. The firm has a market cap of $396.63 billion, a P/E ratio of 26.93, a P/E/G 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 firm's fifty day moving average price is $168.35 and its 200-day moving average price is $168.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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 business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research analyst reports. Truist Financial raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Piper Sandler decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $181.50.

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.