The Procter & Gamble Company (NYSE:PG) Shares Bought by DT Investment Partners LLC

DT Investment Partners LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,858 shares of the company’s stock after buying an additional 323 shares during the quarter. DT Investment Partners LLC’s holdings in Procter & Gamble were worth $3,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Dfpg Investments LLC lifted its stake in Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC lifted its stake in Procter & Gamble by 6.3% during the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC lifted its stake in Procter & Gamble by 14.6% during the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Procter & Gamble by 105.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock worth $8,699,000 after purchasing an additional 30,473 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO R. Alexandra Keith sold 776 shares of the company’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 sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated 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 owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. UBS Group boosted their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Royal Bank of Canada boosted their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.85 during trading hours on Friday, hitting $158.14. The stock had a trading volume of 12,034,186 shares, compared to its average volume of 6,329,782. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The stock has a market capitalization of $372.11 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.22 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The stock’s fifty day moving average is $159.14 and its two-hundred day moving average is $152.92.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 67.50%.

About Procter & Gamble

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.