Fortis Group Advisors LLC Acquires 195 Shares of The Procter & Gamble Company (NYSE:PG)

Fortis Group Advisors LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,434 shares of the company’s stock after purchasing an additional 195 shares during the period. Fortis Group Advisors LLC’s holdings in Procter & Gamble were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwest Bank & Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter worth $672,000. Vima LLC acquired a new position in Procter & Gamble in the 4th quarter worth $35,000. Royal London Asset Management Ltd. increased its holdings in Procter & Gamble by 1.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,558,634 shares of the company’s stock worth $228,402,000 after purchasing an additional 20,956 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $645,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Barclays boosted 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, April 23rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Finally, The Goldman Sachs Group assumed coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.38 during midday trading on Friday, hitting $166.79. 3,694,974 shares of the company’s stock were exchanged, compared to its average volume of 4,965,412. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $168.97. The company’s 50 day moving average price is $163.40 and its 200 day moving average price is $157.54. 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 firm has a market capitalization of $393.65 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 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.