SageView Advisory Group LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

SageView Advisory Group LLC raised its position in The Procter & Gamble Company (NYSE:PGFree Report) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,298 shares of the company’s stock after purchasing an additional 5,312 shares during the period. SageView Advisory Group LLC’s holdings in Procter & Gamble were worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advantage Trust Co purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $33,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock traded up $0.14 on Friday, hitting $165.63. 1,478,829 shares of the company’s stock traded hands, compared to its average volume of 6,623,746. The stock has a market cap of $390.91 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.41 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $161.75 and a 200-day moving average of $155.85. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.54.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. On average, analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Insiders sold 155,320 shares of company stock worth $25,535,744 in the last quarter. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PG. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Read Our Latest Report on Procter & Gamble

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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