Procter & Gamble Company (The) $PG Shares Purchased by Gradient Investments LLC

Key Points

• Gradient Investments increased its stake in Procter & Gamble by 12.8%, acquiring an additional 28,777 shares
• Corporate insiders have been net sellers, disposing of 348,618 shares valued at roughly $55.46 million over the last quarter, including sales by Ma. Fatima Francisco and Gary A. Coombe; insiders now own about 0.20% of the company.
• Procter & Gamble trades with a market cap of about $335.6 billion and a PE of 21.39, recently reported a slight EPS beat, pays a quarterly dividend yielding ~2.9%, and carries an average analyst target of $168.33 with a "Moderate Buy" consensus.

Gradient Investments LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 253,089 shares of the company's stock after acquiring an additional 28,777 shares during the period. Gradient Investments LLC's holdings in Procter & Gamble were worth $36,270,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares during the period. Taylor Financial Group Inc. boosted its stake in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC boosted its position in Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after buying an additional 1,016 shares during the last quarter. Auxano Advisors LLC grew its stake in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after acquiring an additional 809 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 5,549 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares of the company's stock, valued at approximately $170,083.41. This represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last quarter. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG opened at $144.41 on Monday. The stock has a market capitalization of $335.61 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 4.82 and a beta of 0.37. The business's fifty day moving average price is $154.07 and its 200 day moving average price is $150.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $174.80.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble's dividend payout ratio is currently 62.52%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Dbs Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Piper Sandler assumed coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a "neutral" rating and a $150.00 target price for the company. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research note on Monday, December 29th. BNP Paribas Exane reduced their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. Finally, Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $168.33.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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