361,867 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 361,867 shares of the company's stock, valued at approximately $60,667,000.

Other institutional investors have also made changes to their positions in the company. Laraway Financial Advisors Inc boosted its stake in shares of Procter & Gamble by 9.5% in the fourth quarter. Laraway Financial Advisors Inc now owns 3,580 shares of the company's stock valued at $600,000 after purchasing an additional 310 shares during the period. LifePlan Investment Advisors Inc. boosted its stake in shares of Procter & Gamble by 14.9% in the fourth quarter. LifePlan Investment Advisors Inc. now owns 1,576 shares of the company's stock valued at $264,000 after purchasing an additional 204 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $5,725,000. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $1,338,000. Finally, Jefferies Financial Group Inc. boosted its stake in shares of Procter & Gamble by 8.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 48,451 shares of the company's stock valued at $8,123,000 after purchasing an additional 3,667 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PG shares. Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.52.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $0.87 during trading on Friday, reaching $163.28. The company's stock had a trading volume of 7,100,112 shares, compared to its average volume of 7,226,242. The company has a 50-day moving average price of $164.50 and a two-hundred day moving average price of $167.29. The firm has a market cap of $382.82 billion, a PE ratio of 26.00, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week 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.

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

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is currently 66.98%.

Procter & Gamble Company 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.