The Procter & Gamble Company (NYSE:PG) Stake Lifted by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,057 shares of the company’s stock after buying an additional 8,179 shares during the quarter. Wealthspire Advisors LLC’s holdings in Procter & Gamble were worth $7,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Eclectic Associates Inc. ADV lifted its holdings in Procter & Gamble by 22.0% in the third quarter. Eclectic Associates Inc. ADV now owns 2,077 shares of the company’s stock worth $303,000 after purchasing an additional 375 shares during the period. Strategic Investment Advisors MI increased its stake in shares of Procter & Gamble by 2.9% during the third quarter. Strategic Investment Advisors MI now owns 27,371 shares of the company’s stock valued at $3,992,000 after acquiring an additional 770 shares during the period. SevenBridge Financial Group LLC raised its holdings in Procter & Gamble by 2.1% during the third quarter. SevenBridge Financial Group LLC now owns 29,376 shares of the company’s stock worth $4,285,000 after purchasing an additional 615 shares in the last quarter. Eukles Asset Management lifted its position in Procter & Gamble by 77.3% in the third quarter. Eukles Asset Management now owns 9,071 shares of the company’s stock worth $1,323,000 after purchasing an additional 3,955 shares during the period. Finally, Fortune Financial Advisors LLC boosted its stake in Procter & Gamble by 2.8% during the 3rd quarter. Fortune Financial Advisors LLC now owns 33,489 shares of the company’s stock valued at $4,885,000 after purchasing an additional 927 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the sale, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 31,859 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,605,961.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,112 shares of company stock valued at $22,841,321. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Up 0.6 %

NYSE:PG traded up $1.00 on Thursday, hitting $166.07. 4,670,607 shares of the company’s stock traded hands, compared to its average volume of 6,846,383. The company has a market cap of $391.95 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $166.37. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $160.33 and a 200-day moving average price of $154.57.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

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.