Legacy Wealth Asset Management LLC Buys 399 Shares of The Procter & Gamble Company (NYSE:PG)

Legacy Wealth Asset Management LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,337 shares of the company’s stock after acquiring an additional 399 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Procter & Gamble were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. North Star Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 1.4% during the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock worth $3,078,000 after acquiring an additional 258 shares during the period. Liberty One Investment Management LLC lifted its stake in Procter & Gamble by 2.9% during the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after purchasing an additional 3,754 shares during the last quarter. Adviser Investments LLC increased its stake in shares of Procter & Gamble by 3.1% in the 4th quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock valued at $9,840,000 after purchasing an additional 1,793 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Procter & Gamble by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock valued at $13,590,000 after purchasing an additional 6,550 shares during the last quarter. Finally, Bar Harbor Trust Services raised its holdings in shares of Procter & Gamble by 6.9% during the 4th quarter. Bar Harbor Trust Services now owns 15,659 shares of the company’s stock worth $2,562,000 after buying an additional 1,006 shares in the last quarter. 63.64% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on PG. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $173.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $175.00 in a research report on Tuesday, March 22nd. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Thursday, January 20th. Zacks Investment Research cut shares of Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 target price on the stock. in a research note on Tuesday, March 29th. Finally, Credit Suisse Group increased their price target on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Hold” and an average price target of $165.47.

Shares of PG opened at $155.12 on Tuesday. The business has a 50-day moving average of $155.14 and a 200-day moving average of $155.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market capitalization of $372.18 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.39. The Procter & Gamble Company has a 1 year low of $131.94 and a 1 year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were paid a $0.9133 dividend. The ex-dividend date was Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a yield of 2.36%. Procter & Gamble’s payout ratio is 63.70%.

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.10, for a total value of $2,953,800.00. Following the transaction, the chief executive officer now owns 7,020 shares in the company, valued at $1,151,982. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew W. Janzaruk sold 334 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 128,515 shares of company stock worth $20,862,606 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.