The Procter & Gamble Company (NYSE:PG) Shares Purchased by FWL Investment Management LLC

FWL Investment Management LLC boosted its position in The Procter & Gamble Company (NYSE:PG) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,449 shares of the company’s stock after purchasing an additional 840 shares during the quarter. FWL Investment Management LLC’s holdings in Procter & Gamble were worth $1,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after purchasing an additional 608,168 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Procter & Gamble by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company’s stock valued at $1,855,000 after buying an additional 139 shares during the last quarter. Range Financial Group LLC boosted its stake in Procter & Gamble by 4.8% during the fourth quarter. Range Financial Group LLC now owns 2,227 shares of the company’s stock worth $373,000 after buying an additional 102 shares during the period. Innova Wealth Partners acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $731,000. Finally, Park National Corp OH lifted its holdings in shares of Procter & Gamble by 7.3% in the 4th quarter. Park National Corp OH now owns 260,399 shares of the company’s stock worth $43,656,000 after acquiring an additional 17,720 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $178.52.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,520 shares of company stock worth $10,999,268 over the last ninety days. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.0 %

Shares of NYSE PG opened at $159.28 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock’s 50-day simple moving average is $166.56 and its 200-day simple moving average is $167.73. The firm has a market cap of $373.44 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s dividend payout ratio is currently 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.