US Asset Management LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

US Asset Management LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,987 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $33,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at $33,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Procter & Gamble during the 4th quarter worth $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. 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 report on Wednesday, January 24th. Barclays increased their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Argus boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $1.00 during midday trading on Thursday, reaching $166.07. The company had a trading volume of 4,670,607 shares, compared to its average volume of 6,846,383. 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 business’s 50-day simple moving average is $160.33 and its 200 day simple moving average is $154.57. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $166.37. The stock has a market cap of $391.95 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (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 company had revenue of $20.20 billion during 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 quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 6.55 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 dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 36,854 shares in the company, valued at $6,080,172.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble 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 transaction, the chief executive officer now owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,112 shares of company stock valued at $22,841,321. Corporate insiders own 0.17% of the company’s stock.

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.