City National Bank of Florida MSD Acquires Shares of 1,795 The Procter & Gamble Company (NYSE:PG)

City National Bank of Florida MSD acquired a new position in shares of 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 acquired 1,795 shares of the company's stock, valued at approximately $301,000.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Hoey Investments Inc. grew its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Finally, 10Elms LLP bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.92 during midday trading on Friday, reaching $165.95. The company's stock had a trading volume of 5,349,778 shares, compared to its average volume of 7,275,251. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The business's 50 day moving average price is $164.19 and its two-hundred day moving average price is $167.33. The company has a market cap of $389.07 billion, a P/E ratio of 26.43, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. On average, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This is a boost 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 dividend yield of 2.55%. Procter & Gamble's payout ratio is currently 66.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction 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 sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock valued at $10,999,268 over the last 90 days. 0.18% of the stock is owned by insiders.

Procter & Gamble 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.