Procter & Gamble Company (The) $PG Shares Purchased by Gradient Investments LLC

Gradient Investments LLC grew its position in Procter & Gamble Company (The) (NYSE:PG) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 253,089 shares of the company’s stock after purchasing an additional 28,777 shares during the period. Gradient Investments LLC’s holdings in Procter & Gamble were worth $36,270,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at $25,000. Saranac Partners Ltd bought a new position in shares of Procter & Gamble in the third quarter worth $30,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble during the third quarter valued at $32,000. Caitlin John LLC acquired a new position in shares of Procter & Gamble during the third quarter valued at $34,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Procter & Gamble during the third quarter valued at about $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $144.41 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $154.07 and its 200 day moving average price is $150.63. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80. The firm has a market cap of $335.61 billion, a P/E ratio of 21.39, a PEG ratio of 4.82 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.52%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at $170,083.41. This represents a 84.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 in the last ninety days. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.33.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.