Yoffe Investment Management LLC Purchases New Position in The Procter & Gamble Company (NYSE:PG)

Yoffe Investment Management LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,181 shares of the company's stock, valued at approximately $1,874,000. Procter & Gamble accounts for about 1.9% of Yoffe Investment Management LLC's portfolio, making the stock its 9th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Atlas Capital Advisors Inc. grew its stake in shares of Procter & Gamble by 14,112.4% in the fourth quarter. Atlas Capital Advisors Inc. now owns 280,269 shares of the company's stock valued at $46,987,000 after acquiring an additional 278,297 shares in the last quarter. Climber Capital SA bought a new position in shares of Procter & Gamble during the fourth quarter worth approximately $536,000. Uniting Wealth Partners LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $231,000. DF Dent & Co. Inc. grew its position in Procter & Gamble by 5.8% during the fourth quarter. DF Dent & Co. Inc. now owns 129,398 shares of the company's stock worth $21,694,000 after buying an additional 7,054 shares in the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in Procter & Gamble during the 4th quarter worth $510,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PG shares. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Piper Sandler lowered their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Truist Financial lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.00.

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Procter & Gamble Trading Down 5.0 %

Procter & Gamble stock traded down $8.66 during mid-day trading on Friday, hitting $163.73. 13,446,957 shares of the stock were exchanged, compared to its average volume of 6,935,619. The firm's fifty day simple moving average is $169.17 and its two-hundred day simple moving average is $169.20. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate 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.