Master S Wealth Management Inc. Acquires Shares of 1,962 The Procter & Gamble Company (NYSE:PG)

Master S Wealth Management Inc. purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,962 shares of the company's stock, valued at approximately $329,000. Procter & Gamble accounts for about 0.2% of Master S Wealth Management Inc.'s holdings, making the stock its 27th largest position.

Several other hedge funds have also recently bought and sold shares of PG. Norges Bank purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $5,244,463,000. Raymond James Financial Inc. acquired a new position in Procter & Gamble in the 4th quarter worth about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich raised its stake 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 worth $580,596,000 after purchasing an additional 2,973,757 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Procter & Gamble by 1,709.5% during the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after buying an additional 1,895,421 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $4.20 during mid-day trading on Friday, hitting $170.59. The company had a trading volume of 7,207,665 shares, compared to its average volume of 7,037,484. The Procter & Gamble Company has a 12 month low of $156.69 and a 12 month high of $180.43. The firm has a market cap of $400.01 billion, a P/E ratio of 27.16, a PEG ratio of 3.76 and a beta of 0.43. The business's 50-day simple moving average is $168.39 and its 200-day simple moving average is $168.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. Truist Financial raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $181.50.

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.