Flynn Zito Capital Management LLC Acquires 158 Shares of The Procter & Gamble Company (NYSE:PG)

Flynn Zito Capital Management LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,795 shares of the company’s stock after acquiring an additional 158 shares during the quarter. Procter & Gamble makes up about 0.5% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Flynn Zito Capital Management LLC’s holdings in Procter & Gamble were worth $703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PG. Emerald Advisors LLC boosted its stake in Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after purchasing an additional 65 shares during the period. O Brien Wealth Partners LLC boosted its stake in Procter & Gamble by 3.3% in the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after purchasing an additional 65 shares during the period. KFA Private Wealth Group LLC boosted its stake in Procter & Gamble by 2.2% in the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after purchasing an additional 67 shares during the period. Chemistry Wealth Management LLC boosted its stake in Procter & Gamble by 1.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock worth $856,000 after purchasing an additional 67 shares during the period. Finally, Watchman Group Inc. boosted its position in shares of Procter & Gamble by 0.4% during the 3rd quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG stock traded up $1.34 during trading on Thursday, hitting $157.29. 7,276,024 shares of the company traded hands, compared to its average volume of 6,829,744. The stock’s 50-day simple moving average is $159.16 and its 200 day simple moving average is $152.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The company has a market cap of $370.11 billion, a PE ratio of 26.22, a P/E/G ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.59 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm 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 $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s payout ratio is 62.98%.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was 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 in the company, valued at $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock worth $43,187,745 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on PG. Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. UBS Group raised their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.53.

Procter & Gamble Company 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.