Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 38.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,964 shares of the company's stock after purchasing an additional 1,943 shares during the quarter. Almanack Investment Partners LLC.'s holdings in Procter & Gamble were worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Financial Insights Inc. boosted its holdings in Procter & Gamble by 7.3% during the 1st quarter. Financial Insights Inc. now owns 2,503 shares of the company's stock valued at $427,000 after acquiring an additional 170 shares during the period. Root Financial Partners LLC boosted its holdings in Procter & Gamble by 4.5% during the 1st quarter. Root Financial Partners LLC now owns 2,708 shares of the company's stock valued at $462,000 after acquiring an additional 116 shares during the period. Goodman Advisory Group LLC purchased a new position in Procter & Gamble during the 1st quarter valued at about $79,000. Sovran Advisors LLC boosted its holdings in Procter & Gamble by 12.3% during the 1st quarter. Sovran Advisors LLC now owns 5,176 shares of the company's stock valued at $883,000 after acquiring an additional 566 shares during the period. Finally, Cohen Investment Advisors LLC boosted its holdings in Procter & Gamble by 1,212.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 252,150 shares of the company's stock valued at $42,971,000 after acquiring an additional 232,945 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. Piper Sandler lifted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Raymond James Financial decreased their price objective 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. Evercore ISI reiterated an "outperform" rating and issued a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Stock Up 0.9%

PG stock traded up $1.37 during trading on Friday, hitting $160.00. 19,250,153 shares of the company's stock were exchanged, compared to its average volume of 7,433,521. The stock has a market capitalization of $375.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.71 and a beta of 0.43. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The business has a 50-day moving average price of $162.44 and a two-hundred day moving average price of $165.62. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.64%. Procter & Gamble's payout ratio is 67.14%.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate 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.