Leigh Baldwin & CO. LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Leigh Baldwin & CO. LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,461 shares of the company's stock, valued at approximately $413,000.

Several other institutional investors have also modified their holdings of the stock. NewSquare Capital LLC boosted its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. increased its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter valued at $34,000. Finally, 10Elms LLP acquired a new stake in Procter & Gamble during the 4th quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Piper Sandler boosted their price objective 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. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock traded down $0.43 during trading on Wednesday, hitting $167.33. 5,367,489 shares of the stock were exchanged, compared to its average volume of 7,287,524. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm's 50-day moving average price is $164.14 and its 200 day moving average price is $167.35. The stock has a market cap of $392.31 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth 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.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results 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 in the previous year, the business earned $1.52 EPS. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,520 shares of company stock valued at $7,909,388. 0.18% of the stock is owned by corporate 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.