Aptus Capital Advisors LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 19.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,651 shares of the company's stock after purchasing an additional 34,681 shares during the quarter. Aptus Capital Advisors LLC's holdings in Procter & Gamble were worth $35,986,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after buying an additional 608,168 shares in the last quarter. Franklin Resources Inc. lifted its stake in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the last quarter. Versant Capital Management Inc boosted its position in Procter & Gamble by 26.6% in the fourth quarter. Versant Capital Management Inc now owns 3,444 shares of the company's stock valued at $577,000 after buying an additional 724 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Procter & Gamble by 7.5% during the 4th quarter. GAMMA Investing LLC now owns 38,121 shares of the company's stock valued at $6,391,000 after acquiring an additional 2,666 shares in the last quarter. Finally, Modus Advisors LLC raised its holdings in Procter & Gamble by 0.6% in the 4th quarter. Modus Advisors LLC now owns 15,630 shares of the company's stock valued at $2,620,000 after buying an additional 95 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Trading Up 0.4 %
PG stock opened at $160.59 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The business has a 50 day simple moving average of $167.36 and a two-hundred day simple moving average of $167.99. The company has a market capitalization of $376.51 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.76 and a beta of 0.43.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.42 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 66.98%.
Insider Buying and Selling at Procter & Gamble
In related news, CEO Gary A. Coombe sold 35,000 shares of the firm'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 owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,000 shares of company stock worth $9,330,060. 0.18% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Raymond James lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Piper Sandler reiterated an "underperform" rating on shares of Procter & Gamble in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $179.80.
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About Procter & Gamble
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Free Report)
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.
See Also
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