Stonehaven Wealth & Tax Solutions LLC Buys Shares of 2,144 The Procter & Gamble Company (NYSE:PG)

Stonehaven Wealth & Tax Solutions LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,144 shares of the company's stock, valued at approximately $359,000.

A number of other institutional investors have also recently bought and sold shares of the business. Stenger Family Office LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $3,196,000. Lifelong Wealth Advisors Inc. acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $321,000. Master S Wealth Management Inc. bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $329,000. Finward Bancorp acquired a new stake in Procter & Gamble in the fourth quarter worth $1,505,000. Finally, Regal Investment Advisors LLC boosted its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Regal Investment Advisors LLC now owns 97,273 shares of the company's stock worth $16,308,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $4.20 during mid-day trading on Friday, hitting $170.59. 7,207,665 shares of the company's stock traded hands, compared to its average volume of 7,037,484. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $168.39 and a two-hundred day simple moving average of $168.47. The Procter & Gamble Company has a fifty-two week low of $156.69 and a fifty-two week high of $180.43. The stock has a market cap of $400.01 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 EPS. On average, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 67.20%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on PG shares. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Truist Financial increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.50.

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.