Family Management Corp Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Family Management Corp increased its holdings in The Procter & Gamble Company (NYSE:PG) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,380 shares of the company’s stock after purchasing an additional 1,309 shares during the period. Family Management Corp’s holdings in Procter & Gamble were worth $4,959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PG. FWL Investment Management LLC boosted its stake in shares of Procter & Gamble by 8.7% during the 4th quarter. FWL Investment Management LLC now owns 10,449 shares of the company’s stock worth $1,752,000 after acquiring an additional 840 shares during the last quarter. Circle Wealth Management LLC grew its holdings in Procter & Gamble by 0.7% during the fourth quarter. Circle Wealth Management LLC now owns 26,472 shares of the company’s stock valued at $4,438,000 after purchasing an additional 176 shares during the period. Citizens Business Bank increased its position in Procter & Gamble by 45.0% in the fourth quarter. Citizens Business Bank now owns 8,312 shares of the company’s stock worth $1,394,000 after buying an additional 2,581 shares in the last quarter. Cladis Investment Advisory LLC lifted its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after buying an additional 236 shares in the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in shares of Procter & Gamble by 1.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 448,981 shares of the company’s stock valued at $75,272,000 after acquiring an additional 5,746 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, 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 a total of 64,520 shares of company stock worth $10,999,268 in the last ninety days. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Citigroup decreased their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.52.

Procter & Gamble Stock Up 0.0 %

Shares of NYSE PG opened at $159.28 on Thursday. The stock has a market capitalization of $373.44 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The stock’s fifty day simple moving average is $166.56 and its two-hundred day simple moving average is $167.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Procter & Gamble 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.