Petra Financial Advisors Inc. Purchases 74 Shares of The Procter & Gamble Company (NYSE:PG)

Petra Financial Advisors Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,455 shares of the company’s stock after purchasing an additional 74 shares during the period. Petra Financial Advisors Inc.’s holdings in Procter & Gamble were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Axxcess Wealth Management LLC lifted its position in shares of Procter & Gamble by 1.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 97,421 shares of the company’s stock worth $16,333,000 after buying an additional 1,806 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its stake in Procter & Gamble by 5.2% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 4,463 shares of the company’s stock valued at $748,000 after acquiring an additional 220 shares during the period. Flagship Wealth Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $1,021,000. Wealth Architects LLC lifted its holdings in Procter & Gamble by 36.5% during the fourth quarter. Wealth Architects LLC now owns 10,770 shares of the company’s stock worth $1,806,000 after acquiring an additional 2,880 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in Procter & Gamble by 15.9% during the fourth quarter. Cozad Asset Management Inc. now owns 15,468 shares of the company’s stock worth $2,593,000 after acquiring an additional 2,120 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PG shares. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays boosted their target price 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. Finally, 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 report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $169.70 on Tuesday. 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 company has a market capitalization of $397.92 billion, a P/E ratio of 27.02, a PEG ratio of 3.76 and a beta of 0.41. The stock’s 50 day moving average is $167.45 and its 200 day moving average is $169.81. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.84 EPS. On average, equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 2.37%. Procter & Gamble’s dividend payout ratio is 64.01%.

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.