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Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Alps Advisors Inc.

Procter & Gamble logo with Consumer Staples background

Alps Advisors Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 133,288 shares of the company's stock after acquiring an additional 4,633 shares during the quarter. Alps Advisors Inc.'s holdings in Procter & Gamble were worth $22,715,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after acquiring an additional 284,174 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Procter & Gamble by 50.4% during the 4th quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock worth $1,737,000 after acquiring an additional 3,472 shares during the period. Inspire Advisors LLC raised its holdings in shares of Procter & Gamble by 7.1% during the 4th quarter. Inspire Advisors LLC now owns 1,973 shares of the company's stock worth $331,000 after acquiring an additional 131 shares during the period. Finally, Prosperity Financial Group Inc. raised its holdings in shares of Procter & Gamble by 2.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 4,185 shares of the company's stock worth $702,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 completion of the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.45.

Read Our Latest Report on Procter & Gamble

Procter & Gamble Trading Down 1.0%

NYSE:PG traded down $1.54 on Friday, reaching $156.95. 8,051,886 shares of the company's stock were exchanged, compared to its average volume of 7,596,124. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $367.98 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The business has a fifty day moving average of $161.77 and a 200-day moving average of $164.94. Procter & Gamble Company has a 52-week low of $155.95 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued 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. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 67.14%.

About Procter & Gamble

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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