GAMMA Investing LLC Purchases New Position in The Procter & Gamble Company (NYSE:PG)

GAMMA Investing LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the fourth quarter, HoldingsChannel reports. The fund purchased 13,017 shares of the company’s stock, valued at approximately $2,045,000. Procter & Gamble comprises about 0.6% of GAMMA Investing LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Register Financial Advisors LLC increased its position in shares of Procter & Gamble by 1.3% during the third quarter. Register Financial Advisors LLC now owns 7,585 shares of the company’s stock worth $1,106,000 after acquiring an additional 101 shares during the period. Landmark Wealth Management LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $253,000. Key Bridge Compliance LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $1,198,000. Sunflower Bank N.A. increased its position in shares of Procter & Gamble by 0.3% during the third quarter. Sunflower Bank N.A. now owns 111,121 shares of the company’s stock worth $16,208,000 after acquiring an additional 288 shares during the period. Finally, Hengehold Capital Management LLC increased its position in shares of Procter & Gamble by 1.6% during the third quarter. Hengehold Capital Management LLC now owns 370,042 shares of the company’s stock worth $53,974,000 after acquiring an additional 5,718 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Raymond James increased their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.88.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders sold 279,918 shares of company stock valued at $43,323,263 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $0.96 during trading on Tuesday, hitting $161.50. 7,642,490 shares of the company’s stock were exchanged, compared to its average volume of 6,968,534. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.69. The business has a 50-day simple moving average of $159.21 and a 200-day simple moving average of $153.13. The stock has a market capitalization of $380.01 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.19 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts forecast that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s payout ratio is presently 65.85%.

About Procter & Gamble

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.