Masso Torrence Wealth Management Inc. Has $570,000 Position in The Procter & Gamble Company (NYSE:PG)

Masso Torrence Wealth Management Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 9.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,892 shares of the company’s stock after acquiring an additional 325 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Procter & Gamble were worth $570,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Procter & Gamble by 2.3% during the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock worth $4,275,616,000 after buying an additional 670,862 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after buying an additional 131,339 shares during the period. Royal Bank of Canada boosted its holdings in shares of Procter & Gamble by 3.2% during the 3rd quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock worth $1,629,299,000 after buying an additional 346,925 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Procter & Gamble by 17.1% during the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after buying an additional 1,387,539 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the 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 completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. Insiders sold a total of 279,918 shares of company stock worth $43,323,263 over the last quarter. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

NYSE PG traded up $0.81 on Tuesday, hitting $161.35. 4,151,375 shares of the company were exchanged, compared to its average volume of 6,921,099. The company has a market cap of $379.66 billion, a PE ratio of 26.40, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The stock has a fifty day moving average of $159.21 and a 200-day moving average of $153.13. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts forecast that The Procter & Gamble Company will post 6.53 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Finally, Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.88.

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.