Alaska Permanent Fund Corp Increases Stake in The Procter & Gamble Company (NYSE:PG)

Alaska Permanent Fund Corp boosted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,054 shares of the company's stock after acquiring an additional 11,074 shares during the period. Alaska Permanent Fund Corp's holdings in Procter & Gamble were worth $16,420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Wellington Management Group LLP boosted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company's stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Procter & Gamble by 2.3% during the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company's stock valued at $4,275,616,000 after acquiring an additional 670,862 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company's stock valued at $2,298,184,000 after acquiring an additional 131,339 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Procter & Gamble by 3.2% during the 3rd quarter. Royal Bank of Canada now owns 11,170,305 shares of the company's stock valued at $1,629,299,000 after acquiring an additional 346,925 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Procter & Gamble by 17.1% during the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company's stock valued at $1,390,963,000 after acquiring an additional 1,387,539 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.0 %

PG stock traded down $0.05 during mid-day trading on Thursday, reaching $162.55. 7,093,838 shares of the company traded hands, compared to its average volume of 6,973,202. The stock has a market cap of $383.64 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32. The firm's 50 day moving average price is $159.57 and its 200 day moving average price is $153.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.55 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. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's payout ratio is presently 65.85%.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company's stock, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders have sold 100,865 shares of company stock worth $16,029,280 in the last 90 days. Insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research report on Friday, March 1st. They set a "neutral" rating and a $168.00 target price for the company. Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial raised Procter & Gamble from a "hold" rating to a "buy" rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Royal Bank of Canada raised their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.76.

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.