Naples Money Management LLC Buys Shares of 195 The Procter & Gamble Company (NYSE:PG)

Naples Money Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 195 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also recently made changes to their positions in the stock. American Financial Advisors LLC raised its stake in Procter & Gamble by 5.0% during the 4th quarter. American Financial Advisors LLC now owns 2,026 shares of the company’s stock valued at $297,000 after buying an additional 96 shares during the last quarter. Schear Investment Advisers LLC lifted its holdings in Procter & Gamble by 1.4% in the fourth quarter. Schear Investment Advisers LLC now owns 4,933 shares of the company’s stock valued at $723,000 after acquiring an additional 67 shares during the period. Zhang Financial LLC boosted its position in Procter & Gamble by 2.4% in the fourth 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 lifted its stake in shares of Procter & Gamble by 1.6% in the 4th quarter. Beaumont Financial Advisors LLC now owns 19,503 shares of the company’s stock worth $2,858,000 after purchasing an additional 303 shares during the period. Finally, Wheelhouse Advisory Group LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth approximately $766,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s 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 $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PG. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Barclays lifted their price objective on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wells Fargo & Company upped their price target 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 raised their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.53.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $158.02 on Friday. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The company has a market cap of $371.82 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.22 and a beta of 0.44. The firm’s fifty day moving average is $159.14 and its 200 day moving average is $152.92. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for 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 business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. Sell-side analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.55%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 67.50%.

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.