Royal Fund Management LLC Buys 7,052 Shares of Procter & Gamble Company (The) $PG

Royal Fund Management LLC grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,894 shares of the company’s stock after acquiring an additional 7,052 shares during the quarter. Royal Fund Management LLC’s holdings in Procter & Gamble were worth $5,575,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Lewis Asset Management LLC boosted its stake in Procter & Gamble by 13.4% during the 4th quarter. Lewis Asset Management LLC now owns 14,346 shares of the company’s stock worth $2,056,000 after acquiring an additional 1,695 shares during the last quarter. Alpine Bank Wealth Management increased its stake in Procter & Gamble by 5.4% in the fourth quarter. Alpine Bank Wealth Management now owns 5,985 shares of the company’s stock valued at $858,000 after purchasing an additional 309 shares in the last quarter. Signature Wealth Management Group raised its holdings in Procter & Gamble by 1,424.4% in the fourth quarter. Signature Wealth Management Group now owns 29,833 shares of the company’s stock worth $4,275,000 after purchasing an additional 27,876 shares during the period. Brookstone Capital Management raised its holdings in Procter & Gamble by 13.2% in the fourth quarter. Brookstone Capital Management now owns 62,894 shares of the company’s stock worth $9,013,000 after purchasing an additional 7,313 shares during the period. Finally, Paladin Wealth LLC boosted its position in shares of Procter & Gamble by 8.1% during the fourth quarter. Paladin Wealth LLC now owns 4,950 shares of the company’s stock worth $709,000 after purchasing an additional 371 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 sale, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock worth $55,462,643 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 1.4%

Shares of NYSE:PG opened at $144.76 on Tuesday. The firm has a market cap of $336.43 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.77 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company’s fifty day simple moving average is $153.93 and its 200 day simple moving average is $149.97. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Analysts Set New Price Targets

A number of research firms recently commented on PG. Barclays set a $155.00 price objective on shares of Procter & Gamble in a research report on Friday, January 16th. BNP Paribas Exane reduced their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Piper Sandler started coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.83.

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.