Banque de Luxembourg S.A. Invests $1.29 Million in The Procter & Gamble Company (NYSE:PG)

Banque de Luxembourg S.A. acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,679 shares of the company's stock, valued at approximately $1,293,000. Procter & Gamble accounts for 0.7% of Banque de Luxembourg S.A.'s portfolio, making the stock its 25th largest position.

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

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,520 shares of company stock valued at $10,999,268. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.44 during trading on Tuesday, hitting $159.27. 7,690,221 shares of the company were exchanged, compared to its average volume of 7,174,621. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The business's 50 day moving average is $167.11 and its 200-day moving average is $167.85. 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 has a market capitalization of $373.41 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share 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 company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The business's quarterly revenue was down 2.1% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.65%. Procter & Gamble's payout ratio is presently 66.98%.

Analysts Set New Price Targets

A number of analysts have commented on PG shares. Truist Financial cut 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. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Raymond James reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

About Procter & Gamble

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.