J.Safra Asset Management Corp Acquires 2,097 Shares of The Procter & Gamble Company (NYSE:PG)

J.Safra Asset Management Corp increased its stake in The Procter & Gamble Company (NYSE:PG) by 216.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,064 shares of the company’s stock after purchasing an additional 2,097 shares during the quarter. J.Safra Asset Management Corp’s holdings in Procter & Gamble were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. WoodTrust Financial Corp lifted its holdings in Procter & Gamble by 2.1% during the fourth quarter. WoodTrust Financial Corp now owns 7,852 shares of the company’s stock valued at $1,317,000 after purchasing an additional 162 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $660,000. Wealth Advisory Solutions LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $215,000. Glass Wealth Management Co LLC boosted its position in shares of Procter & Gamble by 0.4% in the fourth quarter. Glass Wealth Management Co LLC now owns 17,185 shares of the company’s stock worth $2,881,000 after purchasing an additional 69 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Procter & Gamble by 0.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,517,274 shares of the company’s stock worth $254,371,000 after buying an additional 8,864 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped 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 upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

Procter & Gamble Trading Down 1.5 %

PG opened at $173.02 on Wednesday. The firm has a market cap of $405.72 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $166.52 and a 200 day moving average of $169.65.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed 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. This represents a $4.03 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Buying and Selling

In other 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 transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company’s stock.

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.