Shotwell Rutter Baer Inc Buys New Position in The Procter & Gamble Company (NYSE:PG)

Shotwell Rutter Baer Inc purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,457 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares during the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $3,752,321,000. Morgan Stanley grew its holdings in Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Barclays PLC increased its position in Procter & Gamble by 118.1% during the second quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock worth $961,170,000 after purchasing an additional 3,429,929 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PG shares. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. UBS Group raised their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Raymond James increased their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Barclays lifted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.41.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $162.61 on Thursday. The firm has a market cap of $382.62 billion, a P/E ratio of 27.24, a P/E/G ratio of 3.28 and a beta of 0.44. The stock’s 50 day simple moving average is $158.17 and its 200 day simple moving average is $152.09. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $162.74.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is 62.98%.

Procter & Gamble Profile

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.