10,649 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Alteri Wealth LLC

Alteri Wealth LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,649 shares of the company's stock, valued at approximately $1,785,000. Procter & Gamble makes up approximately 0.5% of Alteri Wealth LLC's portfolio, making the stock its 24th biggest position.

A number of other hedge funds also recently made changes to their positions in PG. AmeriServ Wealth Advisors acquired a new stake in Procter & Gamble during the 4th quarter valued at $231,000. Ancora Advisors LLC grew its stake in shares of Procter & Gamble by 0.3% during the fourth quarter. Ancora Advisors LLC now owns 219,867 shares of the company's stock valued at $36,861,000 after acquiring an additional 606 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $148,000. Aptus Capital Advisors LLC lifted its stake in shares of Procter & Gamble by 19.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 214,651 shares of the company's stock worth $35,986,000 after acquiring an additional 34,681 shares in the last quarter. Finally, Arrowroot Family Office LLC lifted its stake in shares of Procter & Gamble by 98.4% in the fourth quarter. Arrowroot Family Office LLC now owns 2,851 shares of the company's stock worth $478,000 after acquiring an additional 1,414 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.80.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE:PG opened at $160.59 on Friday. 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's 50-day moving average price is $167.36 and its 200 day moving average price is $167.99. The company has a market cap of $376.51 billion, a PE ratio of 25.57, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business's revenue was down 2.1% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,000 shares of company stock valued at $9,330,060. 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.

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