Dimensional Fund Advisors LP Has $1.63 Billion Position in The Procter & Gamble Company (NYSE:PG)

Dimensional Fund Advisors LP increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,712,499 shares of the company's stock after purchasing an additional 267,534 shares during the period. Procter & Gamble makes up approximately 0.4% of Dimensional Fund Advisors LP's portfolio, making the stock its 23rd largest position. Dimensional Fund Advisors LP owned about 0.41% of Procter & Gamble worth $1,628,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. NewSquare Capital LLC boosted its stake in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Hoey Investments Inc. raised its holdings in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the fourth quarter worth $34,000. Atlantic Private Wealth LLC grew its holdings in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 2.4 %

PG traded down $3.95 on Wednesday, reaching $163.93. The company's stock had a trading volume of 3,847,286 shares, compared to its average volume of 7,025,865. 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 $156.69 and a 1 year high of $180.43. The business's 50 day moving average is $168.25 and its 200 day moving average is $168.45. The stock has a market cap of $384.39 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's payout ratio is 67.20%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. DA Davidson restated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Truist Financial raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $181.50.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 over the last ninety days. 0.18% of the stock is owned by insiders.

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.