Strategic Planning Group LLC Has $4.67 Million Stake in The Procter & Gamble Company (NYSE:PG)

Strategic Planning Group LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 27,408 shares of the company's stock after purchasing an additional 5,373 shares during the quarter. Strategic Planning Group LLC's holdings in Procter & Gamble were worth $4,671,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $5,244,463,000. GAMMA Investing LLC grew its position in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after buying an additional 7,913,335 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Procter & Gamble in the fourth quarter valued at $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after acquiring an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 62.5% during the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after acquiring an additional 2,846,560 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction 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. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 2.0%

PG stock traded down $3.33 during mid-day trading on Thursday, hitting $162.62. The stock had a trading volume of 10,342,685 shares, compared to its average volume of 7,318,117. The company has a fifty day moving average of $164.30 and a 200 day moving average of $167.37. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market capitalization of $381.27 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate 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 18.35% and a return on equity of 33.00%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS 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 paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PG. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Bank of America reduced their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Piper Sandler lifted their price objective 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. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $178.86.

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.