Sutton Place Investors LLC Takes $1.73 Million Position in The Procter & Gamble Company (NYSE:PG)

Sutton Place Investors LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,779 shares of the company's stock, valued at approximately $1,726,000. Procter & Gamble comprises about 1.2% of Sutton Place Investors LLC's investment portfolio, making the stock its 21st largest position.

Several other hedge funds have also recently modified their holdings of PG. Emerald Advisors LLC lifted its position in shares of Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company's stock worth $553,000 after buying an additional 65 shares during the last quarter. O Brien Wealth Partners LLC lifted its position in shares of Procter & Gamble by 3.3% in the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company's stock worth $302,000 after buying an additional 65 shares during the last quarter. Proquility Private Wealth Partners LLC lifted its position in shares of Procter & Gamble by 1.1% in the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company's stock worth $912,000 after buying an additional 66 shares during the last quarter. KFA Private Wealth Group LLC lifted its position in shares of Procter & Gamble by 2.2% in the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company's stock worth $445,000 after buying an additional 67 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company's stock worth $856,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 776 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO R. Alexandra Keith sold 776 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the business'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 owns 163,428 shares of the company's stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and lifted their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a "neutral" rating and a $168.00 price objective on the stock. Finally, Raymond James lifted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.53.

Procter & Gamble Stock Down 0.3 %

Shares of PG stock traded down $0.49 during trading on Friday, hitting $155.35. 6,770,532 shares of the company were exchanged, compared to its average volume of 6,874,449. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a market capitalization of $365.54 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.21 and a beta of 0.44. The business's 50-day simple moving average is $159.38 and its 200 day simple moving average is $152.54. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.59%. Procter & Gamble's payout ratio is 62.98%.

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.