Forum Financial Management LP Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Forum Financial Management LP increased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,234 shares of the company's stock after acquiring an additional 2,720 shares during the period. Forum Financial Management LP's holdings in Procter & Gamble were worth $4,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Norges Bank purchased a new position in Procter & Gamble during the 4th quarter valued at about $5,244,463,000. Raymond James Financial Inc. purchased a new position in Procter & Gamble during the 4th quarter valued at about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the period. Capital Research Global Investors increased its holdings in Procter & Gamble by 62.5% during the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares during the period. Finally, Northern Trust Corp increased its holdings in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the period. Institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,520 shares of company stock worth $7,909,388. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.7%

Shares of Procter & Gamble stock traded up $1.18 on Thursday, hitting $168.54. 2,191,442 shares of the company traded hands, compared to its average volume of 8,079,027. The stock's 50 day moving average price is $164.15 and its 200-day moving average price is $167.35. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a market cap of $395.16 billion, a PE ratio of 26.84, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS 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 $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.51%. 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 presently 66.98%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PG shares. 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 report on Friday, April 25th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup decreased their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.52.

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.