NewEdge Advisors LLC increased its holdings in shares of The Procter & Gamble Company (NYSE: PG – Get Rating) by 113.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,923 shares of the company stock after buying an additional 72,122 shares during the quarter. NewEdge Advisors LLC’s holdings in Procter & Gamble were worth $ 22,234,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in Procter & Gamble during the third quarter worth about $ 349,000. Morgan Stanley increased its stake in Procter & Gamble by 5.0% during the second quarter. Morgan Stanley now owns 34,500,719 shares of the company stock worth $ 4,655,181,000 after acquiring an additional 1,632,893 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in Procter & Gamble by 2.4% during the third quarter. Keudell Morrison Wealth Management now owns 9,450 shares of the company stock worth $ 1,321,000 after acquiring an additional 219 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Procter & Gamble by 4.2% during the third quarter. Center for Financial Planning Inc. now owns 20,270 shares of the company stock worth $ 2,834,000 after acquiring an additional 816 shares during the last quarter. Finally, EagleClaw Capital Managment LLC grew its stake in shares of Procter & Gamble by 17.0% in the third quarter. EagleClaw Capital Managment LLC now owns 6,775 shares of the company stock valued at $ 946,000 after buying an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company stock.
Shares of NYSE PG opened at $ 132.51 on Thursday. The company has a market cap of $ 317.93 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 4.01 and a beta of 0.40. The Procter & Gamble Company has a 12-month low of $ 129.50 and a 12-month high of $ 165.35. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $ 152.16 and its 200 day simple moving average is $ 154.89.
Procter & Gamble (NYSE: PG – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.28 by $ 0.05. The business had revenue of $ 19.38 billion for the quarter, compared to the estimate consensus of $ 18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $ 1.26 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were issued a $ 0.9133 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date was Thursday, April 21st. This represents a $ 3.65 annualized dividend and a dividend yield of 2.76%. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
A number of equities research analysts have recently issued reports on the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $ 165.00 to $ 175.00 in a research note on Tuesday, March 22nd. JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $ 181.00 to $ 165.00 in a research note on Wednesday, March 30th. Barclays lowered their target price on Procter & Gamble from $ 176.00 to $ 157.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Raymond James increased their price target on Procter & Gamble from $ 175.00 to $ 180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $ 177.00 to $ 171.00 in a report on Wednesday, June 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $ 164.27.
In related news, Chairman David S. Taylor sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $ 164.52, for a total value of $ 9,871,200.00. Following the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $ 41,777,057.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction on Monday, April 25th. The shares were sold at an average price of $ 162.83, for a total value of $ 4,884,900.00. Following the transaction, the chairman now owns 253,933 shares in the company, valued at $ 41,347,910.39. The disclosure for this sale can be found here. In the last three months, insiders sold 108,415 shares of company stock worth $ 17,777,055. Company insiders own 0.51% of the company stock.
Procter & Gamble Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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