The Procter & Gamble Company (NYSE:PG) Shares Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC raised its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345,722 shares of the company's stock after buying an additional 6,610 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Procter & Gamble were worth $57,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after acquiring an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after buying an additional 1,267,419 shares during the last quarter. Norges Bank purchased a new position in Procter & Gamble during the fourth quarter valued at $5,244,463,000. Franklin Resources Inc. raised its holdings in Procter & Gamble by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after buying an additional 1,209,275 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Procter & Gamble by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after buying an additional 312,203 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PG shares. Truist Financial dropped their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $179.80.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $9,330,060. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 1.6 %

Shares of NYSE PG traded down $2.58 during midday trading on Thursday, hitting $159.99. The company's stock had a trading volume of 6,783,973 shares, compared to its average volume of 7,158,813. The business's 50 day moving average is $167.81 and its two-hundred day moving average is $168.17. The firm has a market cap of $375.15 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. 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 posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The firm 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 business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.64%. Procter & Gamble's payout ratio is 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.