Investment Partners LTD. Acquires 2,317 Shares of The Procter & Gamble Company (NYSE:PG)

Investment Partners LTD. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 27.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,866 shares of the company’s stock after acquiring an additional 2,317 shares during the quarter. Investment Partners LTD.’s holdings in Procter & Gamble were worth $1,592,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PG. Dfpg Investments LLC grew its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after buying an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC grew its stake in shares of Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after buying an additional 260 shares in the last quarter. N.E.W. Advisory Services LLC grew its stake in shares of Procter & Gamble by 14.6% in the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after buying an additional 12,016 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after buying an additional 131,339 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in shares of Procter & Gamble by 105.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock valued at $8,699,000 after buying an additional 30,473 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PG shares. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Down 0.8 %

PG traded down $1.26 during trading on Friday, hitting $161.29. The company’s stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average price is $159.64 and its 200-day moving average price is $153.51. The firm has a market capitalization of $380.67 billion, a P/E ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its 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 for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $151,788. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 100,865 shares of company stock valued at $16,029,280 over the last ninety days. 0.17% of the stock is owned by company insiders.

Procter & Gamble 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.