Voloridge Investment Management LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Voloridge Investment Management LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 671.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,000 shares of the company's stock after purchasing an additional 181,921 shares during the quarter. Voloridge Investment Management LLC's holdings in Procter & Gamble were worth $35,039,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Lakeridge Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 0.6% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after purchasing an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC increased its position in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after purchasing an additional 62 shares during the last quarter. Tevis Investment Management increased its position in Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after purchasing an additional 65 shares during the last quarter. Proquility Private Wealth Partners LLC increased its position in Procter & Gamble by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,966 shares of the company's stock worth $1,000,000 after purchasing an additional 66 shares during the last quarter. Finally, Granite Harbor Advisors Inc. increased its position in shares of Procter & Gamble by 2.5% in the fourth quarter. Granite Harbor Advisors Inc. now owns 2,690 shares of the company's stock worth $451,000 after acquiring an additional 66 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.7%

PG traded up $1.11 during trading on Tuesday, reaching $166.97. 2,804,405 shares of the stock were exchanged, compared to its average volume of 8,077,206. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock's 50 day moving average price is $164.13 and its two-hundred day moving average price is $167.34. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The stock has a market cap of $391.46 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date 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 2.53%. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value 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. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,520 shares of company stock valued at $7,909,388 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Eight research 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, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $178.52.

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.