4,775 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Allen Wealth Management LLC

Allen Wealth Management LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,775 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PG. The Goldman Sachs Group began coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Jefferies Financial Group lifted their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Price Performance

PG stock traded down $1.41 during midday trading on Friday, hitting $167.06. 4,558,190 shares of the stock were exchanged, compared to its average volume of 5,241,319. The stock’s 50-day moving average price is $162.51 and its 200-day moving average price is $157.00. The stock has a market cap of $394.28 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.39 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $168.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is 65.85%.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last three months. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Company 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.