Trueblood Wealth Management LLC Acquires Shares of 7,711 The Procter & Gamble Company (NYSE:PG)

Trueblood Wealth Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,711 shares of the company's stock, valued at approximately $1,130,000.

A number of other institutional investors also recently bought and sold shares of the stock. Axiom Financial Strategies LLC grew its position in Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company's stock worth $276,000 after acquiring an additional 113 shares in the last quarter. AMI Investment Management Inc. grew its position in Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company's stock worth $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management grew its position in Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company's stock worth $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC purchased a new position in Procter & Gamble in the first quarter worth about $3,073,000. Finally, Wsfs Capital Management LLC boosted its position in shares of Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company's stock valued at $650,000 after buying an additional 455 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG traded down $0.36 on Thursday, hitting $162.25. 6,782,024 shares of the company's stock were exchanged, compared to its average volume of 6,909,043. The firm has a market cap of $381.78 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The firm's 50-day moving average price is $158.42 and its two-hundred day moving average price is $152.16. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to analysts' expectations of $21.48 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The company's revenue was up 3.2% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble's dividend payout ratio is presently 62.98%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the company's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company's stock, valued at $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 in the last ninety days. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PG shares. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a "hold" rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a "hold" rating to a "buy" rating and upped their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They set a "neutral" rating and a $168.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.41.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.