Security Financial Services INC. bought a new stake in The Procter & Gamble Company (NYSE: PG – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,274 shares of the company stock, valued at approximately $ 536,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Brick & Kyle Associates raised its stake in Procter & Gamble by 0.4% during the 3rd quarter. Brick & Kyle Associates now owns 14,884 shares of the company stock valued at $ 2,098,000 after purchasing an additional 63 shares during the last quarter. Poplar Forest Capital LLC boosted its stake in shares of Procter & Gamble by 0.3% in the 4th quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company stock valued at $ 4,173,000 after purchasing an additional 64 shares during the last quarter. Ambassador Advisors LLC boosted its stake in shares of Procter & Gamble by 2.2% in the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company stock valued at $ 496,000 after purchasing an additional 65 shares during the last quarter. Kovack Advisors Inc. boosted its stake in Procter & Gamble by 0.3% during the 4th quarter. Kovack Advisors Inc. now owns 19,098 shares of the company stock worth $ 3,124,000 after acquiring an additional 66 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Procter & Gamble by 2.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company stock worth $ 452,000 after buying an additional 66 shares during the period. Institutional investors own 63.64% of the company stock.
In other 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 completion of the sale, the chairman now directly owns 253,933 shares of the company stock, valued at approximately $ 41,777,057.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the firm’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 164.10, for a total value of $ 2,953,800.00. Following the transaction, the chief executive officer now owns 7,020 shares in the company, valued at $ 1,151,982. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,415 shares of company stock valued at $ 17,777,055. 0.51% of the stock is owned by company insiders.
NYSE PG opened at $ 132.36 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a twelve month low of $ 129.50 and a twelve month high of $ 165.35. The firm has a market capitalization of $ 317.57 billion, a PE ratio of 23.10, a P / E / G ratio of 3.77 and a beta of 0.40. The stock’s 50 day moving average is $ 151.09 and its 200 day moving average is $ 154.75.
Procter & Gamble (NYSE: PG – Get Rating) last released its earnings results on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, topping the consensus estimate of $ 1.28 by $ 0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business had revenue of $ 19.38 billion for the quarter, compared to the estimate consensus of $ 18.69 billion. During the same period in the previous year, the company posted $ 1.26 earnings per share. The company revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a dividend of $ 0.9133 per share. This represents a $ 3.65 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $ 0.87. Procter & Gamble’s dividend payout ratio is 63.70%.
A number of equities analysts have commented on the stock. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $ 165.00 to $ 175.00 in a research report on Tuesday, March 22nd. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $ 181.00 to $ 165.00 in a research note on Wednesday, March 30th. The Goldman Sachs Group lowered their target price on Procter & Gamble from $ 179.00 to $ 173.00 in a research note on Tuesday, March 29th. 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. Finally, Raymond James boosted their target price on Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $ 164.27.
Procter & Gamble Company 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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