Vise Technologies Inc. Increases Position in The Procter & Gamble Company (NYSE:PG)

Vise Technologies Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 84.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,636 shares of the company's stock after acquiring an additional 13,117 shares during the quarter. Vise Technologies Inc.'s holdings in Procter & Gamble were worth $4,801,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Aspiriant LLC boosted its stake in shares of Procter & Gamble by 8.2% during the fourth quarter. Aspiriant LLC now owns 33,076 shares of the company's stock valued at $5,545,000 after purchasing an additional 2,510 shares in the last quarter. ADE LLC grew its stake in Procter & Gamble by 2.6% in the fourth quarter. ADE LLC now owns 4,694 shares of the company's stock valued at $787,000 after acquiring an additional 117 shares during the period. Clear Harbor Asset Management LLC grew its stake in Procter & Gamble by 9.4% in the fourth quarter. Clear Harbor Asset Management LLC now owns 38,978 shares of the company's stock valued at $6,535,000 after acquiring an additional 3,365 shares during the period. Transform Wealth LLC grew its stake in Procter & Gamble by 91.5% in the fourth quarter. Transform Wealth LLC now owns 4,236 shares of the company's stock valued at $710,000 after acquiring an additional 2,024 shares during the period. Finally, Atomi Financial Group Inc. grew its stake in Procter & Gamble by 13.0% in the fourth quarter. Atomi Financial Group Inc. now owns 33,849 shares of the company's stock valued at $5,675,000 after acquiring an additional 3,895 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.2%

PG traded up $0.30 during midday trading on Wednesday, reaching $168.06. 1,955,904 shares of the company's stock traded hands, compared to its average volume of 7,271,026. The firm has a fifty day moving average of $164.14 and a two-hundred day moving average of $167.35. The stock has a market capitalization of $394.02 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (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 firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business's revenue was down 2.1% compared to the same quarter last year. On average, equities 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. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.52%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 66.98%.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Raymond James lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.52.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,520 shares of company stock valued at $7,909,388. 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.