Strong Tower Advisory Services Buys 352 Shares of The Procter & Gamble Company (NYSE:PG)

Strong Tower Advisory Services lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,433 shares of the company’s stock after acquiring an additional 352 shares during the period. Strong Tower Advisory Services’ holdings in Procter & Gamble were worth $796,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PG. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $29,000. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $50,000. CGC Financial Services LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $55,000. VitalStone Financial LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $60,000. Finally, RVW Wealth LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at approximately $77,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PG. UBS Group increased their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Royal Bank of Canada increased their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.2 %

PG stock opened at $162.25 on Friday. The business has a fifty day moving average price of $158.42 and a 200 day moving average price of $152.16. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The stock has a market capitalization of $381.78 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.32 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.