NorthRock Partners LLC lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 219.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,633 shares of the company's stock after purchasing an additional 33,400 shares during the quarter. NorthRock Partners LLC's holdings in Procter & Gamble were worth $8,153,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of PG. Regent Peak Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 1.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after purchasing an additional 139 shares during the period. Abound Wealth Management boosted its position in Procter & Gamble by 113.7% during the 4th quarter. Abound Wealth Management now owns 4,197 shares of the company's stock worth $704,000 after acquiring an additional 2,233 shares during the period. Elevated Capital Advisors LLC boosted its position in Procter & Gamble by 46.0% during the 4th quarter. Elevated Capital Advisors LLC now owns 7,070 shares of the company's stock worth $1,185,000 after acquiring an additional 2,228 shares during the period. Sunflower Bank N.A. boosted its position in Procter & Gamble by 0.4% during the 4th quarter. Sunflower Bank N.A. now owns 109,594 shares of the company's stock worth $18,373,000 after acquiring an additional 389 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Procter & Gamble by 80.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 119,940 shares of the company's stock worth $20,108,000 after acquiring an additional 53,607 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on PG shares. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Finally, Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.52.
Read Our Latest Stock Report on PG
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock valued at $10,999,268 in the last 90 days. 0.18% of the stock is owned by corporate insiders.
Procter & Gamble Stock Performance
Shares of NYSE:PG traded up $0.87 during trading on Friday, hitting $163.28. 7,100,112 shares of the stock were exchanged, compared to its average volume of 7,236,385. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a market capitalization of $382.82 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company's fifty day simple moving average is $164.50 and its 200-day simple moving average is $167.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.59%. Procter & Gamble's payout ratio is currently 66.98%.
Procter & Gamble Company Profile
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Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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