Vista Investment Partners II LLC Makes New $1.08 Million Investment in The Procter & Gamble Company (NYSE:PG)

Vista Investment Partners II LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,414 shares of the company's stock, valued at approximately $1,075,000.

A number of other hedge funds have also made changes to their positions in PG. NewSquare Capital LLC boosted its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $33,000. Noble Wealth Management PBC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $39,000. Bay Harbor Wealth Management LLC grew its stake in Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock valued at $45,000 after buying an additional 243 shares during the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth $46,000. Institutional investors and hedge funds own 65.77% of the company's stock.

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 value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, 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 filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company'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 transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. Insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. 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. Finally, Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $181.47.

Procter & Gamble Price Performance

NYSE PG traded down $4.53 during trading on Wednesday, reaching $168.59. 3,596,696 shares of the company traded hands, compared to its average volume of 6,391,896. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market cap of $395.33 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 3.76 and a beta of 0.41. The stock's 50 day moving average price is $167.14 and its two-hundred day moving average price is $169.84. 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 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.

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.