The Procter & Gamble Company (NYSE:PG) Shares Purchased by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. raised its position in The Procter & Gamble Company (NYSE:PG) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,312 shares of the company’s stock after buying an additional 170 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Procter & Gamble were worth $9,105,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PG. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC grew its holdings in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock valued at $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter worth $5,244,463,000. Northern Trust Corp raised its holdings in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PG shares. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.52.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 completion of the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock valued at $10,999,268 in the last three months. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.9%

Shares of PG opened at $164.78 on Tuesday. The company’s 50-day simple moving average is $164.42 and its 200-day simple moving average is $167.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock has a market capitalization of $386.33 billion, a PE ratio of 26.24, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results 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. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. Analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.57%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

About Procter & Gamble

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.