Tyche Wealth Partners LLC Makes New $6.09 Million Investment in The Procter & Gamble Company (NYSE:PG)

Tyche Wealth Partners LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 41,580 shares of the company's stock, valued at approximately $6,093,000. Procter & Gamble makes up about 1.5% of Tyche Wealth Partners LLC's holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dfpg Investments LLC lifted its holdings in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company's stock valued at $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its holdings in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company's stock worth $645,000 after acquiring an additional 260 shares during the period. N.E.W. Advisory Services LLC grew its holdings in shares of Procter & Gamble by 14.6% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company's stock worth $13,772,000 after acquiring an additional 12,016 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Procter & Gamble by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company's stock worth $2,298,184,000 after acquiring an additional 131,339 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Procter & Gamble by 105.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company's stock worth $8,699,000 after acquiring an additional 30,473 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

PG stock traded up $0.50 during midday trading on Tuesday, reaching $155.95. The company had a trading volume of 6,102,846 shares, compared to its average volume of 6,848,103. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $159.27 and a 200 day moving average price of $152.70. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The firm has a market capitalization of $366.95 billion, a PE ratio of 26.17, a P/E/G ratio of 3.18 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.58%. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble's dividend payout ratio is 62.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a "neutral" rating and a $168.00 target price on the stock. Stifel Nicolaus increased their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a "hold" rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, January 18th. Finally, Truist Financial upgraded Procter & Gamble from a "hold" rating to a "buy" rating and increased their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $168.53.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction 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 SEC, which is available through this hyperlink. In other news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company's stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company's stock.

About Procter & Gamble

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.

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