Pacific Point Advisors LLC Takes $1.38 Million Position in The Procter & Gamble Company (NYSE:PG)

Pacific Point Advisors LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,194 shares of the company's stock, valued at approximately $1,378,000. Procter & Gamble makes up 0.9% of Pacific Point Advisors LLC's holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hudson Value Partners LLC grew its position in Procter & Gamble by 41.2% in the fourth quarter. Hudson Value Partners LLC now owns 2,550 shares of the company's stock worth $428,000 after acquiring an additional 744 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $86,000. Breakthru Advisory Services LLC acquired a new position in Procter & Gamble during the fourth quarter worth $292,000. Sunbelt Securities Inc. raised its holdings in Procter & Gamble by 38.3% during the fourth quarter. Sunbelt Securities Inc. now owns 68,397 shares of the company's stock valued at $11,428,000 after buying an additional 18,946 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth about $333,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG stock traded up $0.19 during trading on Wednesday, hitting $167.95. The company had a trading volume of 2,236,657 shares, compared to its average volume of 7,272,041. The company has a fifty day moving average price of $164.14 and a two-hundred day moving average price of $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 fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a market cap of $393.76 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.76 and a beta of 0.41.

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, beating 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 firm 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 firm posted $1.52 EPS. The firm's quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.52%. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 66.98%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was 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 owns 22,051 shares of the company's stock, valued at $3,829,817.68. This trade represents a 61.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm'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 transaction of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,520 shares of company stock valued at $7,909,388. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.

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.