Successful Portfolios LLC Acquires 166 Shares of The Procter & Gamble Company (NYSE:PG)

Successful Portfolios LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,690 shares of the company’s stock after buying an additional 166 shares during the quarter. Procter & Gamble comprises 1.2% of Successful Portfolios LLC’s investment portfolio, making the stock its 19th largest holding. Successful Portfolios LLC’s holdings in Procter & Gamble were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in Procter & Gamble by 96,526.4% during the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $3,752,321,000. Morgan Stanley raised its holdings in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Barclays PLC lifted its position in shares of Procter & Gamble by 118.1% during the 2nd quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock worth $961,170,000 after buying an additional 3,429,929 shares during the period. Finally, Wellington Management Group LLP boosted its stake in 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 buying an additional 3,047,557 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Barclays increased their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Royal Bank of Canada lifted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Price Performance

NYSE PG traded down $0.36 during trading hours on Thursday, reaching $162.25. 6,782,024 shares of the stock traded hands, compared to its average volume of 6,853,413. The company has a market cap of $381.78 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The stock has a 50 day simple moving average of $158.42 and a two-hundred day simple moving average of $152.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the completion of the sale, the chief operating officer now directly owns 9,623 shares in the company, valued at $1,490,602.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 in the last three months. 0.17% of the stock is currently owned by company insiders.

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.