The Procter & Gamble Company (NYSE:PG) Shares Purchased by Eagle Global Advisors LLC

Eagle Global Advisors LLC increased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 758.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,999 shares of the company's stock after acquiring an additional 45,060 shares during the quarter. Eagle Global Advisors LLC's holdings in Procter & Gamble were worth $8,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FAS Wealth Partners Inc. raised its position in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA raised its holdings in Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after purchasing an additional 2,179 shares in the last quarter. Strategic Advisors LLC lifted its position in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after purchasing an additional 1,818 shares during the period. Richard C. Young & CO. LTD. lifted its holdings in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after buying an additional 2,568 shares during the period. Finally, Natural Investments LLC purchased a new position in Procter & Gamble in the fourth quarter worth $2,121,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Bank of America decreased their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Piper Sandler raised their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Raymond James decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Finally, Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock worth $10,999,268 in the last three months. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.6 %

PG traded down $0.92 during midday trading on Friday, hitting $157.73. The company's stock had a trading volume of 6,450,866 shares, compared to its average volume of 7,192,383. The firm has a market cap of $369.80 billion, a P/E ratio of 25.12, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week 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. The firm has a 50-day moving average price of $165.92 and a two-hundred day moving average price of $167.57.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping 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 firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts anticipate 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 paid a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.68%. Procter & Gamble's dividend payout ratio is currently 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.