Procyon Advisors LLC Purchases 8,587 Shares of The Procter & Gamble Company (NYSE:PG)

Procyon Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,055 shares of the company’s stock after purchasing an additional 8,587 shares during the period. Procter & Gamble accounts for approximately 0.8% of Procyon Advisors LLC’s portfolio, making the stock its 26th biggest holding. Procyon Advisors LLC’s holdings in Procter & Gamble were worth $9,240,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $50,000. CGC Financial Services LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $55,000. VitalStone Financial LLC acquired a new position in shares of Procter & Gamble in the second quarter valued at $60,000. Finally, RVW Wealth LLC bought a new position in Procter & Gamble in the third quarter worth $77,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.3 %

PG traded down $0.51 during trading on Thursday, hitting $162.10. The company had a trading volume of 1,141,839 shares, compared to its average volume of 6,807,711. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $381.42 billion, a PE ratio of 27.24, a PEG ratio of 3.28 and a beta of 0.44. The firm’s 50-day moving average price is $158.17 and its 200 day moving average price is $152.09. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. UBS Group raised their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Company 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.