Focus Partners Advisor Solutions LLC Purchases 8,119 Shares of The Procter & Gamble Company (NYSE:PG)

Focus Partners Advisor Solutions LLC raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,498 shares of the company's stock after buying an additional 8,119 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Procter & Gamble were worth $6,287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. First Heartland Consultants Inc. increased its stake in Procter & Gamble by 4.0% during the 4th quarter. First Heartland Consultants Inc. now owns 6,547 shares of the company's stock worth $1,099,000 after acquiring an additional 254 shares during the period. Kolinsky Wealth Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares in the last quarter. Ames National Corp bought a new position in shares of Procter & Gamble in the fourth quarter worth $2,074,000. NCM Capital Management LLC raised its stake in Procter & Gamble by 44.5% in the fourth quarter. NCM Capital Management LLC now owns 7,076 shares of the company's stock valued at $1,186,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in Procter & Gamble by 1.2% during the fourth quarter. Glen Eagle Advisors LLC now owns 15,085 shares of the company's stock worth $2,529,000 after buying an additional 180 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction 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 now owns 25,182 shares of the company's stock, 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. In the last ninety days, insiders sold 64,520 shares of company stock valued at $10,999,268. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PG. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Piper Sandler lifted their price target 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 reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Procter & Gamble Stock Up 0.5%

Shares of NYSE:PG opened at $165.66 on Wednesday. The firm has a market cap of $388.40 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The business has a fifty day simple moving average of $164.37 and a 200 day simple moving average of $167.30. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

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 analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company 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 company earned $1.52 earnings per share. The firm's revenue was down 2.1% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

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.

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