Sunbeam Capital Management LLC Takes $34,000 Position in The Procter & Gamble Company (NYSE:PG)

Sunbeam Capital Management LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 204 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $31,000. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter worth about $34,000. Finally, 10Elms LLP bought a new stake in Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $165.95 on Friday. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a fifty day moving average price of $164.19 and a 200-day moving average price of $167.29. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $389.07 billion, a PE ratio of 26.43, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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 business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is presently 66.98%.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value 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 approximately $3,829,817.68. This represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,520 shares of company stock valued at $10,999,268 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Citigroup cut their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $178.52.

Procter & Gamble Company 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.