Pinnacle Financial Group LLC IL Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Pinnacle Financial Group LLC IL purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,288 shares of the company's stock, valued at approximately $384,000.

Several other large investors have also added to or reduced their stakes in PG. NewSquare Capital LLC lifted its position 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 buying an additional 140 shares in the last quarter. Navigoe LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, 10Elms LLP bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Institutional investors own 65.77% of the company's stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock worth $10,999,268 in the last three months. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded up $0.92 during mid-day trading on Friday, reaching $165.95. 5,349,778 shares of the stock traded hands, compared to its average volume of 7,275,251. The firm has a fifty day moving average price of $164.19 and a 200 day moving average price of $167.33. The company has a market cap of $389.07 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 1 year low of $156.58 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $1.52 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. 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 dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

Wall Street Analyst Weigh In

Several research firms have commented on PG. 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 research report on Friday, April 25th. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Citigroup lowered their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $178.52.

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.