World Investment Advisors Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

World Investment Advisors lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,027 shares of the company's stock after purchasing an additional 9,693 shares during the quarter. World Investment Advisors' holdings in Procter & Gamble were worth $8,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westpac Banking Corp lifted its stake in shares of Procter & Gamble by 7.2% in the fourth quarter. Westpac Banking Corp now owns 26,241 shares of the company's stock worth $4,399,000 after buying an additional 1,768 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in Procter & Gamble by 14.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 130,303 shares of the company's stock valued at $20,661,000 after acquiring an additional 16,808 shares in the last quarter. Disciplined Investors L.L.C. purchased a new stake in Procter & Gamble during the 4th quarter valued at $628,000. Nottingham Advisors Inc. increased its holdings in shares of Procter & Gamble by 11.6% in the 4th quarter. Nottingham Advisors Inc. now owns 3,365 shares of the company's stock worth $564,000 after purchasing an additional 351 shares in the last quarter. Finally, SevenBridge Financial Group LLC raised its stake in shares of Procter & Gamble by 2.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 31,726 shares of the company's stock worth $5,375,000 after purchasing an additional 737 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

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Procter & Gamble Price Performance

PG stock traded up $2.67 during trading on Thursday, reaching $172.17. The company's stock had a trading volume of 9,389,328 shares, compared to its average volume of 6,909,108. The company's fifty day moving average is $169.19 and its 200-day moving average is $169.29. 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 capitalization of $403.71 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (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 company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the company earned $1.84 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.34%. Procter & Gamble's payout ratio is 64.01%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday. 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 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. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $182.00.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value 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. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. 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.