The Procter & Gamble Company (NYSE:PG) Shares Bought by Schear Investment Advisers LLC

Schear Investment Advisers LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,933 shares of the company’s stock after buying an additional 67 shares during the period. Schear Investment Advisers LLC’s holdings in Procter & Gamble were worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zhang Financial LLC raised its position in shares of Procter & Gamble by 2.4% during the 4th quarter. Zhang Financial LLC now owns 24,126 shares of the company’s stock worth $3,535,000 after purchasing an additional 563 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in Procter & Gamble by 1.6% during the 4th quarter. Beaumont Financial Advisors LLC now owns 19,503 shares of the company’s stock valued at $2,858,000 after acquiring an additional 303 shares in the last quarter. Wheelhouse Advisory Group LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $766,000. Davidson Trust Co. grew its stake in Procter & Gamble by 1.9% during the 4th quarter. Davidson Trust Co. now owns 20,252 shares of the company’s stock valued at $2,968,000 after acquiring an additional 376 shares in the last quarter. Finally, HTLF Bank purchased a new stake in Procter & Gamble during the 4th quarter valued at about $4,511,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.2 %

PG stock traded up $0.26 during midday trading on Friday, hitting $157.55. The company’s stock had a trading volume of 6,799,127 shares, compared to its average volume of 6,859,360. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The firm has a market capitalization of $370.72 billion, a P/E ratio of 26.31, a PEG ratio of 3.21 and a beta of 0.44. The firm has a 50-day simple moving average of $159.13 and a 200-day simple moving average of $152.83.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is 67.34%.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.53.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of 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 SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on 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 directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

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.