Tang Capital Management LLC Purchases 2,817 Shares of The Procter & Gamble Company (NYSE:PG)

Tang Capital Management LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 54.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,962 shares of the company's stock after purchasing an additional 2,817 shares during the quarter. Tang Capital Management LLC's holdings in Procter & Gamble were worth $1,335,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC bought a new position in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. boosted its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth $34,000. Finally, Atlantic Private Wealth LLC raised its holdings in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $0.36 during trading hours on Friday, reaching $165.39. The company had a trading volume of 2,137,616 shares, compared to its average volume of 7,238,923. The firm has a market cap of $387.77 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business has a fifty day simple moving average of $164.22 and a 200 day simple moving average of $167.29.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. The firm's revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that The 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. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.56%. Procter & Gamble's dividend payout ratio is currently 66.98%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Raymond James reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. 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. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $178.52.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock worth $10,999,268 in the last three months. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble 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.