Topsail Wealth Management LLC Purchases Shares of 13,235 The Procter & Gamble Company (NYSE:PG)

Topsail Wealth Management LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,235 shares of the company's stock, valued at approximately $2,219,000. Procter & Gamble accounts for 0.5% of Topsail Wealth Management LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Keyvantage Wealth LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth approximately $434,000. Hancock Whitney Corp boosted its holdings in shares of Procter & Gamble by 2.1% during the 4th quarter. Hancock Whitney Corp now owns 111,222 shares of the company's stock valued at $18,646,000 after buying an additional 2,243 shares in the last quarter. Empire Financial Management Company LLC increased its stake in shares of Procter & Gamble by 8.9% in the 4th quarter. Empire Financial Management Company LLC now owns 24,424 shares of the company's stock worth $4,095,000 after acquiring an additional 2,000 shares in the last quarter. Guardian Wealth Management Inc. lifted its position in Procter & Gamble by 0.7% during the 4th quarter. Guardian Wealth Management Inc. now owns 15,282 shares of the company's stock valued at $2,562,000 after acquiring an additional 100 shares during the period. Finally, Voya Investment Management LLC boosted its stake in Procter & Gamble by 5.3% during the fourth quarter. Voya Investment Management LLC now owns 904,693 shares of the company's stock worth $151,672,000 after acquiring an additional 45,885 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.79.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $1.51 during midday trading on Friday, hitting $161.04. 12,892,765 shares of the stock traded hands, compared to its average volume of 7,124,247. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The firm has a market capitalization of $377.61 billion, a P/E ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43. The firm has a 50-day moving average of $168.16 and a two-hundred day moving average of $168.32.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same period in the previous year, the business posted $1.52 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.62%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

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.