Victory Capital Management Inc. Purchases 8,864 Shares of The Procter & Gamble Company (NYSE:PG)

Victory Capital Management Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,517,274 shares of the company's stock after buying an additional 8,864 shares during the period. Victory Capital Management Inc. owned about 0.06% of Procter & Gamble worth $254,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB grew its stake in Procter & Gamble by 3.9% during the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock valued at $260,432,000 after acquiring an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC grew its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after buying an additional 82 shares in the last quarter. FSM Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 7.4% in the 3rd quarter. FSM Wealth Advisors LLC now owns 4,876 shares of the company's stock valued at $845,000 after buying an additional 337 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in shares of Procter & Gamble by 759.5% in the 3rd quarter. Greenwood Capital Associates LLC now owns 23,714 shares of the company's stock valued at $4,107,000 after buying an additional 20,955 shares in the last quarter. Finally, United Advisor Group LLC grew its stake in shares of Procter & Gamble by 60.2% in the 3rd quarter. United Advisor Group LLC now owns 21,057 shares of the company's stock valued at $3,647,000 after buying an additional 7,912 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $1.65 during trading hours on Wednesday, reaching $174.83. The stock had a trading volume of 6,988,989 shares, compared to its average volume of 6,341,849. The business's fifty day moving average is $166.64 and its two-hundred day moving average is $169.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market cap of $409.95 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

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 for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PG shares. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Barclays boosted their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. DA Davidson restated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $181.11.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on 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 approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 over the last three months. Company insiders own 0.18% of the company's stock.

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.