Great Valley Advisor Group Inc. Buys 1,764 Shares of The Procter & Gamble Company (NYSE:PG)

Great Valley Advisor Group Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,598 shares of the company's stock after acquiring an additional 1,764 shares during the period. Great Valley Advisor Group Inc.'s holdings in Procter & Gamble were worth $13,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Independent Wealth Network Inc. grew its position in Procter & Gamble by 4.7% during the fourth quarter. Independent Wealth Network Inc. now owns 1,832 shares of the company's stock valued at $307,000 after acquiring an additional 82 shares during the last quarter. Echo45 Advisors LLC grew its holdings in shares of Procter & Gamble by 25.9% in the fourth quarter. Echo45 Advisors LLC now owns 1,562 shares of the company's stock worth $258,000 after purchasing an additional 321 shares during the last quarter. D.B. Root & Company LLC grew its holdings in shares of Procter & Gamble by 7.0% in the fourth quarter. D.B. Root & Company LLC now owns 3,579 shares of the company's stock worth $600,000 after purchasing an additional 235 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Procter & Gamble by 2.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 9,414 shares of the company's stock valued at $1,578,000 after acquiring an additional 187 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC boosted its holdings in Procter & Gamble by 23.0% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 1,724 shares of the company's stock valued at $289,000 after acquiring an additional 322 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PG shares. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $178.52.

Insider Activity at Procter & Gamble

In related 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,520 shares of company stock worth $7,909,388. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.7%

Shares of PG traded up $1.17 during trading hours on Thursday, hitting $168.53. The company had a trading volume of 4,835,159 shares, compared to its average volume of 7,277,781. The firm has a fifty day moving average price of $164.15 and a 200-day moving average price of $167.35. 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 stock has a market capitalization of $395.12 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. 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 dividend yield of 2.51%. Procter & Gamble's payout ratio is 66.98%.

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.