Northcape Wealth Management LLC Purchases 407 Shares of The Procter & Gamble Company (NYSE:PG)

Northcape Wealth Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,361 shares of the company’s stock after buying an additional 407 shares during the quarter. Northcape Wealth Management LLC’s holdings in Procter & Gamble were worth $1,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Chronos Wealth Management LLC raised its position in Procter & Gamble by 1.2% during the third quarter. Chronos Wealth Management LLC now owns 33,940 shares of the company’s stock worth $4,950,000 after acquiring an additional 395 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in shares of Procter & Gamble by 52.1% in the 3rd quarter. Connecticut Wealth Management LLC now owns 16,389 shares of the company’s stock valued at $2,390,000 after purchasing an additional 5,611 shares during the period. Red Door Wealth Management LLC grew its holdings in Procter & Gamble by 6.3% during the third quarter. Red Door Wealth Management LLC now owns 37,397 shares of the company’s stock worth $5,455,000 after purchasing an additional 2,203 shares during the period. Ballentine Partners LLC increased its position in Procter & Gamble by 5.9% during the third quarter. Ballentine Partners LLC now owns 47,573 shares of the company’s stock worth $6,939,000 after buying an additional 2,658 shares during the last quarter. Finally, TFG Advisers LLC raised its stake in Procter & Gamble by 1.7% in the third quarter. TFG Advisers LLC now owns 21,401 shares of the company’s stock valued at $3,121,000 after buying an additional 356 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. UBS Group raised their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Barclays increased their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the business’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 transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,865 shares of company stock worth $9,009,280. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

NYSE:PG traded up $1.58 during midday trading on Tuesday, hitting $163.24. The company had a trading volume of 8,105,773 shares, compared to its average volume of 6,942,727. The stock’s fifty day moving average price is $159.72 and its 200-day moving average price is $153.78. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32. 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 company has a market capitalization of $385.27 billion, a PE ratio of 26.52, a P/E/G ratio of 3.27 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced 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 analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 represents a $4.03 annualized dividend and a dividend yield of 2.47%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

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.