The Procter & Gamble Company (NYSE:PG) Shares Purchased by Professional Financial Advisors LLC

Professional Financial Advisors LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,308 shares of the company’s stock after acquiring an additional 97 shares during the period. Professional Financial Advisors LLC’s holdings in Procter & Gamble were worth $555,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PG. Johnson & White Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $953,000. Exeter Financial LLC lifted its stake in Procter & Gamble by 1.3% during the fourth quarter. Exeter Financial LLC now owns 16,880 shares of the company’s stock worth $2,830,000 after purchasing an additional 218 shares during the last quarter. Tealwood Asset Management Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $340,000. Grandview Asset Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at approximately $328,000. Finally, Traveka Wealth LLC raised its holdings in Procter & Gamble by 178.1% during the fourth quarter. Traveka Wealth LLC now owns 9,882 shares of the company’s stock worth $1,657,000 after purchasing an additional 6,328 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

Shares of Procter & Gamble stock opened at $159.82 on Wednesday. The firm has a market cap of $376.38 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company’s 50-day simple moving average is $169.40 and its 200-day simple moving average is $169.52. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.31%.

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.