Fiera Capital Corp Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

Fiera Capital Corp increased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 42,392 shares of the company's stock after purchasing an additional 7,455 shares during the quarter. Fiera Capital Corp's holdings in Procter & Gamble were worth $7,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cladis Investment Advisory LLC grew its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. lifted its holdings in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares during the last quarter. World Investment Advisors lifted its holdings in Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares during the last quarter. Finally, Yoffe Investment Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $1,874,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Piper Sandler boosted 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. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Price Performance

NYSE:PG traded up $0.18 during trading hours on Friday, hitting $150.65. 8,593,060 shares of the company's stock traded hands, compared to its average volume of 8,268,750. The firm has a market cap of $353.20 billion, a P/E ratio of 23.14, a P/E/G ratio of 4.27 and a beta of 0.40. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The business's fifty day simple moving average is $160.13 and its two-hundred day simple moving average is $164.05. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is presently 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 sale, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

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.