Rehmann Capital Advisory Group Acquires 246 Shares of The Procter & Gamble Company (NYSE:PG)

Rehmann Capital Advisory Group raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,781 shares of the company’s stock after purchasing an additional 246 shares during the period. Rehmann Capital Advisory Group’s holdings in Procter & Gamble were worth $6,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Navigoe LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $31,000. Triumph Capital Management lifted its holdings in Procter & Gamble by 102.7% in the fourth quarter. Triumph Capital Management now owns 9,400 shares of the company’s stock valued at $1,576,000 after buying an additional 4,763 shares during the period. Connors Investor Services Inc. boosted its position in Procter & Gamble by 115.7% during the fourth quarter. Connors Investor Services Inc. now owns 20,982 shares of the company’s stock valued at $3,518,000 after acquiring an additional 11,255 shares during the last quarter. Voleon Capital Management LP bought a new position in shares of Procter & Gamble in the 4th quarter worth about $3,778,000. Finally, Utah Retirement Systems lifted its stake in shares of Procter & Gamble by 0.3% in the 4th quarter. Utah Retirement Systems now owns 391,499 shares of the company’s stock valued at $65,635,000 after purchasing an additional 1,000 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler reiterated an “underperform” rating on shares of Procter & Gamble in a report on Friday. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.79.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $162.28 on Wednesday. The stock has a market cap of $380.52 billion, a P/E ratio of 25.84, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average price is $167.97 and its two-hundred day moving average price is $168.21. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.