Wahed Invest LLC raised its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,747 shares of the company's stock after buying an additional 3,726 shares during the quarter. Procter & Gamble accounts for 1.7% of Wahed Invest LLC's investment portfolio, making the stock its 9th largest holding. Wahed Invest LLC's holdings in Procter & Gamble were worth $10,184,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pennington Partners & CO. LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $624,000. Hutner Capital Management Inc. increased its stake in Procter & Gamble by 10.7% during the 4th quarter. Hutner Capital Management Inc. now owns 53,210 shares of the company's stock valued at $8,921,000 after purchasing an additional 5,152 shares in the last quarter. South Plains Financial Inc. acquired a new position in Procter & Gamble during the fourth quarter worth $1,510,000. Blue Rock Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $243,000. Finally, Keel Point LLC increased its position in shares of Procter & Gamble by 2.8% during the fourth quarter. Keel Point LLC now owns 12,969 shares of the company's stock worth $2,174,000 after acquiring an additional 352 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Price Performance
Shares of PG traded up $0.61 during mid-day trading on Friday, reaching $160.59. 5,744,311 shares of the stock traded hands, compared to its average volume of 7,164,051. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a fifty day moving average price of $167.36 and a 200 day moving average price of $167.96. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $376.51 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. As a group, equities research analysts predict 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. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.
Insiders Place Their Bets
In related news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 in the company, valued at $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. Insiders sold a total of 54,000 shares of company stock valued at $9,330,060 over the last 90 days. Insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $179.80.
Get Our Latest Stock Analysis on PG
Procter & Gamble Company Profile
(
Free Report)
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.
See Also
Before you consider Procter & Gamble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Procter & Gamble wasn't on the list.
While Procter & Gamble currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
