LM Advisors LLC Has $1.25 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

LM Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 236.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,424 shares of the company's stock after buying an additional 5,220 shares during the quarter. LM Advisors LLC's holdings in Procter & Gamble were worth $1,245,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Johnson Bixby & Associates LLC grew its holdings in Procter & Gamble by 2.8% during the 4th quarter. Johnson Bixby & Associates LLC now owns 3,724 shares of the company's stock valued at $624,000 after purchasing an additional 100 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Procter & Gamble by 1.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 100,785 shares of the company's stock worth $16,897,000 after buying an additional 1,226 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in Procter & Gamble by 13.4% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 13,706 shares of the company's stock worth $2,298,000 after buying an additional 1,620 shares in the last quarter. Finally, MFA Wealth Services purchased a new position in Procter & Gamble in the 4th quarter valued at about $864,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm's 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 sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 46,520 shares of company stock worth $7,909,388 over the last quarter. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Piper Sandler raised their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Truist Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $1.17 during trading on Thursday, hitting $168.53. 4,842,429 shares of the stock were exchanged, compared to its average volume of 7,277,787. The stock has a market cap of $395.12 billion, a PE ratio of 26.84, a P/E/G ratio of 3.76 and a beta of 0.41. The stock's fifty day moving average is $164.15 and its 200 day moving average is $167.35. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The business's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid 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 annualized dividend and a yield of 2.51%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

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.