11,177 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Parkshore Wealth Management Inc.

Parkshore Wealth Management Inc. bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,177 shares of the company's stock, valued at approximately $1,874,000. Procter & Gamble comprises 1.1% of Parkshore Wealth Management Inc.'s portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Vanguard Group Inc. grew its position in Procter & Gamble by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares in the last quarter. Norges Bank bought a new stake in Procter & Gamble in the 4th quarter worth about $5,244,463,000. Franklin Resources Inc. grew its position in Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after purchasing an additional 1,209,275 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Procter & Gamble by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after purchasing an additional 312,203 shares in 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 Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,000 shares of company stock valued at $9,330,060. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a report on Friday, April 25th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $180.79.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.31 during trading on Wednesday, reaching $162.57. The company had a trading volume of 12,460,156 shares, compared to its average volume of 7,160,306. The company has a fifty day moving average of $167.97 and a two-hundred day moving average of $168.21. The stock has a market capitalization of $381.20 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.60%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is presently 66.98%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.