The Procter & Gamble Company (NYSE:PG) Shares Bought by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,503 shares of the company’s stock after buying an additional 303 shares during the period. Beaumont Financial Advisors LLC’s holdings in Procter & Gamble were worth $2,858,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $29,000. Mendota Financial Group LLC lifted its holdings in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $50,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Procter & Gamble by 206.6% in the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after buying an additional 281 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Procter & Gamble by 49.7% in the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock valued at $67,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $0.01 during mid-day trading on Friday, hitting $157.28. 6,357,312 shares of the company’s stock traded hands, compared to its average volume of 6,856,039. The firm has a 50 day simple moving average of $159.13 and a two-hundred day simple moving average of $152.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The stock has a market cap of $370.08 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.21 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the company earned $1.37 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is 67.34%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock valued at $43,187,745 over the last ninety days. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. UBS Group upped their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Stifel Nicolaus increased their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada increased their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $168.53.

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.