Synergy Asset Management LLC Buys 89,007 Shares of Procter & Gamble Company (The) (NYSE:PG)

Synergy Asset Management LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1,383.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,440 shares of the company's stock after purchasing an additional 89,007 shares during the quarter. Procter & Gamble comprises about 2.1% of Synergy Asset Management LLC's portfolio, making the stock its 15th biggest position. Synergy Asset Management LLC's holdings in Procter & Gamble were worth $16,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. NewSquare Capital LLC boosted its position in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. boosted its holdings in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the fourth quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PG has been the topic of several recent research reports. Bank of America reduced their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.86.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of PG stock opened at $158.93 on Friday. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company's 50 day moving average price is $163.35 and its two-hundred day moving average price is $166.07. The company has a market capitalization of $372.62 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 4.69 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the business posted $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

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.

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