The Procter & Gamble Company (NYSE:PG) Stock Holdings Lifted by Archer Investment Corp

Archer Investment Corp lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,035 shares of the company’s stock after buying an additional 1,022 shares during the period. Archer Investment Corp’s holdings in Procter & Gamble were worth $1,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Mendota Financial Group LLC increased its position in Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter valued at $50,000. Morton Brown Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares during the period. Finally, Activest Wealth Management increased its holdings in shares of Procter & Gamble by 49.7% in the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.3 %

NYSE PG traded up $0.42 on Wednesday, hitting $156.37. 3,688,754 shares of the company were exchanged, compared to its average volume of 6,810,189. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The firm has a market capitalization of $367.94 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company’s 50 day moving average price is $159.20 and its 200-day moving average price is $152.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. Analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.57%. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Analysts Set New Price Targets

Several research firms have commented on PG. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the transaction, the chief operating officer now owns 9,623 shares in the company, valued at $1,490,602.70. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 over the last three months. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble 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.