Lantern Wealth Advisors LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Lantern Wealth Advisors LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,323 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds also recently modified their holdings of the company. Lakeridge Wealth Management LLC increased its stake in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after acquiring an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC increased its position in shares of Procter & Gamble by 3.2% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after purchasing an additional 62 shares during the last quarter. Tevis Investment Management raised its holdings in Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after buying an additional 65 shares during the period. Proquility Private Wealth Partners LLC lifted its position in Procter & Gamble by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,966 shares of the company’s stock valued at $1,000,000 after buying an additional 66 shares during the last quarter. Finally, Granite Harbor Advisors Inc. boosted its stake in Procter & Gamble by 2.5% during the fourth quarter. Granite Harbor Advisors Inc. now owns 2,690 shares of the company’s stock worth $451,000 after buying an additional 66 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $164.78 on Tuesday. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $386.33 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.76 and a beta of 0.41. The firm’s fifty day simple moving average is $164.42 and its 200-day simple moving average is $167.31.

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 analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was 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 currently 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup cut their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Truist Financial cut their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $178.52.

Procter & Gamble Profile

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.