Verity & Verity LLC Has $13.44 Million Stake in The Procter & Gamble Company (NYSE:PG)

Verity & Verity LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,161 shares of the company's stock after acquiring an additional 9,398 shares during the period. Verity & Verity LLC's holdings in Procter & Gamble were worth $13,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PG. Acorn Creek Capital LLC boosted its stake in shares of Procter & Gamble by 2.8% during the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company's stock valued at $376,000 after buying an additional 59 shares during the period. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Procter & Gamble by 1.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company's stock valued at $963,000 after acquiring an additional 59 shares during the last quarter. Traveka Wealth LLC lifted its stake in shares of Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company's stock worth $616,000 after buying an additional 60 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Procter & Gamble by 0.7% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company's stock worth $1,507,000 after acquiring an additional 61 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in Procter & Gamble by 11.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company's stock valued at $105,000 after purchasing an additional 61 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares of the company's stock, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of the company's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock worth $13,317,460 in the last ninety days. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.5 %

PG stock traded up $0.85 during trading hours on Friday, reaching $161.35. 7,218,206 shares of the stock were exchanged, compared to its average volume of 5,628,331. The firm's 50-day moving average is $169.19 and its 200-day moving average is $169.42. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a market cap of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble's dividend payout ratio is presently 69.48%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PG. Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price objective on the stock. DA Davidson restated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. Wells Fargo & Company lowered their target price on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, UBS Group dropped their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research note on Thursday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $179.65.

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.