5,784 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Novem Group

Novem Group bought a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,784 shares of the company’s stock, valued at approximately $970,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Regent Peak Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company’s stock worth $1,855,000 after purchasing an additional 139 shares during the period. Guinness Asset Management LTD grew its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,247,990 shares of the company’s stock worth $209,182,000 after buying an additional 62,048 shares during the period. Guinness Atkinson Asset Management Inc increased its stake in shares of Procter & Gamble by 23.3% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 6,396 shares of the company’s stock valued at $1,072,000 after acquiring an additional 1,209 shares during the last quarter. Zhang Financial LLC boosted its stake in Procter & Gamble by 1.2% during the 4th quarter. Zhang Financial LLC now owns 24,371 shares of the company’s stock worth $4,086,000 after acquiring an additional 288 shares during the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in Procter & Gamble by 8.4% during the fourth quarter. Gemmer Asset Management LLC now owns 3,612 shares of the company’s stock valued at $606,000 after purchasing an additional 280 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,520 shares of company stock worth $10,999,268. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PG shares. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.52.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $165.49 on Thursday. The stock has a market capitalization of $388.00 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The stock has a 50 day moving average price of $164.31 and a 200 day moving average price of $167.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio is presently 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.