The Procter & Gamble Company (NYSE:PG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322,553 shares of the company's stock after acquiring an additional 86,696 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.06% of Procter & Gamble worth $214,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballast Inc. increased its holdings in shares of Procter & Gamble by 3.0% in the third quarter. Ballast Inc. now owns 14,114 shares of the company's stock valued at $2,059,000 after buying an additional 408 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 62,390 shares of the company's stock worth $9,100,000 after acquiring an additional 255 shares during the last quarter. Galvin Gaustad & Stein LLC raised its position in shares of Procter & Gamble by 3.4% during the third quarter. Galvin Gaustad & Stein LLC now owns 90,000 shares of the company's stock worth $13,127,000 after purchasing an additional 2,941 shares during the period. Syntegra Private Wealth Group LLC boosted its position in shares of Procter & Gamble by 1.5% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 4,773 shares of the company's stock valued at $696,000 after purchasing an additional 71 shares during the period. Finally, SS&H Financial Advisors Inc. purchased a new position in Procter & Gamble in the 3rd quarter worth about $10,341,000. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays raised their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Wells Fargo & Company raised their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Argus upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Finally, Truist Financial raised Procter & Gamble from a "hold" rating to a "buy" rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $169.76.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company's stock, valued at $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company's stock, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares of the company's stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold a total of 55,865 shares of company stock worth $9,009,280 in the last three months. Insiders own 0.17% of the company's stock.

Procter & Gamble Price Performance

PG traded up $1.58 during midday trading on Tuesday, reaching $163.24. 8,105,773 shares of the company's stock were exchanged, compared to its average volume of 6,942,727. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32. 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 business has a 50-day simple moving average of $159.82 and a two-hundred day simple moving average of $153.91. The firm has a market capitalization of $385.27 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $20.20 billion during the quarter, compared to analysts' expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business's revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. As a group, research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current 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 issued a $1.0065 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's payout ratio is presently 65.85%.

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.

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