Calton & Associates Inc. Increases Stake in The Procter & Gamble Company (NYSE:PG)

Calton & Associates Inc. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 98.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,713 shares of the company’s stock after buying an additional 1,844 shares during the quarter. Calton & Associates Inc.’s holdings in Procter & Gamble were worth $544,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Baystate Wealth Management LLC boosted its stake in Procter & Gamble by 153.9% during the 3rd quarter. Baystate Wealth Management LLC now owns 28,877 shares of the company’s stock valued at $4,212,000 after purchasing an additional 17,504 shares during the last quarter. Castleview Partners LLC boosted its position in shares of Procter & Gamble by 280.1% during the third quarter. Castleview Partners LLC now owns 4,698 shares of the company’s stock valued at $685,000 after buying an additional 3,462 shares during the last quarter. DMC Group LLC increased its holdings in Procter & Gamble by 18.5% in the 3rd quarter. DMC Group LLC now owns 7,060 shares of the company’s stock worth $1,030,000 after buying an additional 1,102 shares in the last quarter. First Merchants Corp raised its position in Procter & Gamble by 2.5% in the 3rd quarter. First Merchants Corp now owns 62,454 shares of the company’s stock worth $9,109,000 after buying an additional 1,545 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Procter & Gamble by 3.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 467,196 shares of the company’s stock valued at $68,145,000 after acquiring an additional 15,744 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,112 shares of company stock worth $22,841,321. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. UBS Group lifted their price objective on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Royal Bank of Canada boosted their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $166.85 on Friday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $167.36. The company has a 50 day simple moving average of $160.63 and a two-hundred day simple moving average of $154.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm has a market cap of $393.79 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for 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 was up .6% compared to the same quarter last year. On average, equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued 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 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is 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.