4,296 Shares in Procter & Gamble Company (The) (NYSE:PG) Acquired by Barnes Dennig Private Wealth Management LLC

Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,296 shares of the company's stock, valued at approximately $732,000. Procter & Gamble makes up 1.1% of Barnes Dennig Private Wealth Management LLC's investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its position in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after purchasing an additional 284,174 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Procter & Gamble by 56.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 6,892 shares of the company's stock valued at $1,155,000 after purchasing an additional 2,500 shares during the period. Plato Investment Management Ltd lifted its stake in Procter & Gamble by 2.1% in the 4th quarter. Plato Investment Management Ltd now owns 63,241 shares of the company's stock valued at $10,641,000 after acquiring an additional 1,295 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in Procter & Gamble during the 4th quarter worth approximately $5,631,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PG shares. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Stock Performance

Shares of PG stock traded down $0.48 during midday trading on Friday, hitting $160.72. 6,999,589 shares of the company were exchanged, compared to its average volume of 7,490,519. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The firm has a market capitalization of $376.82 billion, a P/E ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The firm's 50 day moving average price is $162.10 and its two-hundred day moving average price is $165.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the business posted $1.52 earnings per share. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred 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 owned 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. 0.18% of the stock is owned by company insiders.

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.