Investors Asset Management of Georgia Inc. GA ADV Acquires 800 Shares of The Procter & Gamble Company (NYSE:PG)

Investors Asset Management of Georgia Inc. GA ADV raised its holdings in The Procter & Gamble Company (NYSE:PG) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,422 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Procter & Gamble were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PG. Moneta Group Investment Advisors LLC raised its holdings in Procter & Gamble by 96,526.4% in 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 purchasing an additional 38,495,676 shares during the period. Norges Bank acquired a new stake in Procter & Gamble in the fourth quarter worth $3,752,321,000. Morgan Stanley raised 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 worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Barclays PLC raised its holdings in Procter & Gamble by 118.1% in 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 period. Finally, Cerity Partners LLC raised its holdings in Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after purchasing an additional 3,159,796 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG traded up $0.61 during midday trading on Thursday, reaching $156.56. The stock had a trading volume of 3,500,089 shares, compared to its average volume of 6,805,686. The firm has a 50 day simple moving average of $159.16 and a 200-day simple moving average of $152.80. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The firm has a market cap of $368.39 billion, a PE ratio of 26.22, a P/E/G ratio of 3.19 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.57%. Procter & Gamble’s payout ratio is presently 62.98%.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. UBS Group raised their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Raymond James raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 31,275 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the completion of the sale, the chief operating officer now directly owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.