Ameriflex Group Inc. Acquires Shares of 11,127 The Procter & Gamble Company (NYSE:PG)

Ameriflex Group Inc. acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,127 shares of the company’s stock, valued at approximately $1,847,000. Procter & Gamble accounts for approximately 0.8% of Ameriflex Group Inc.’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Cladis Investment Advisory LLC raised its position in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after buying an additional 236 shares in the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC raised its position in shares of Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after buying an additional 1,818 shares in the last quarter. Finally, Richard C. Young & CO. LTD. raised its position in shares of Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after buying an additional 2,568 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler increased their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Raymond James lowered their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Eight investment 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. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $178.52.

Procter & Gamble Stock Up 0.6%

PG opened at $165.95 on Friday. The company has a market cap of $389.07 billion, a P/E ratio of 26.43, a P/E/G ratio of 3.76 and a beta of 0.41. The business’s 50-day moving average price is $164.19 and its 200-day moving average price is $167.33. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.52 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.55%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is presently 66.98%.

Procter & Gamble Profile

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.