Baird Financial Group Inc. Increases Stake in The Procter & Gamble Company (NYSE:PG)

Baird Financial Group Inc. lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,674,294 shares of the company's stock after acquiring an additional 44,386 shares during the period. Baird Financial Group Inc. owned approximately 0.07% of Procter & Gamble worth $280,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FAS Wealth Partners Inc. grew its position in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC lifted its holdings in shares of Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock worth $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Fortem Financial Group LLC purchased a new position in Procter & Gamble in the fourth quarter worth $569,000. Finally, Richard C. Young & CO. LTD. increased its stake in Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after acquiring an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $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. Insiders have sold a total of 54,000 shares of company stock valued at $9,330,060 over the last ninety days. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial cut their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $179.80.

Procter & Gamble Stock Up 0.4 %

Shares of Procter & Gamble stock opened at $160.59 on Friday. 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 company's fifty day simple moving average is $167.36 and its two-hundred day simple moving average is $167.96. The company has a market cap of $376.51 billion, a P/E ratio of 25.57, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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 net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. 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.

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