Ghe LLC Grows Holdings in The Procter & Gamble Company (NYSE:PG)

Ghe LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,612 shares of the company’s stock after acquiring an additional 103 shares during the period. Ghe LLC’s holdings in Procter & Gamble were worth $1,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Cardinal Capital Management grew its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Cardinal Capital Management now owns 48,489 shares of the company’s stock worth $7,073,000 after acquiring an additional 494 shares in the last quarter. Altus Wealth Management LLC grew its holdings in Procter & Gamble by 0.5% during the 3rd quarter. Altus Wealth Management LLC now owns 30,579 shares of the company’s stock worth $4,460,000 after acquiring an additional 144 shares in the last quarter. First Affirmative Financial Network grew its holdings in Procter & Gamble by 21.3% during the 3rd quarter. First Affirmative Financial Network now owns 5,103 shares of the company’s stock worth $744,000 after acquiring an additional 895 shares in the last quarter. Bridge Creek Capital Management LLC grew its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 42,367 shares of the company’s stock worth $6,180,000 after acquiring an additional 437 shares in the last quarter. Finally, Buttonwood Financial Advisors Inc. grew its holdings in Procter & Gamble by 3.4% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 9,765 shares of the company’s stock worth $1,424,000 after acquiring an additional 322 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock traded up $1.08 during mid-day trading on Wednesday, hitting $162.58. The stock had a trading volume of 7,216,558 shares, compared to its average volume of 6,971,658. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The firm has a market cap of $383.71 billion, a PE ratio of 26.57, a PEG ratio of 3.23 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company’s 50-day simple moving average is $159.46 and its 200-day simple moving average is $153.32.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the business earned $1.37 EPS. The business’s revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.54 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Raymond James boosted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.88.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now 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. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the transaction, the chief operating officer now owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. Insiders sold 132,140 shares of company stock worth $20,873,777 over the last 90 days. Company insiders own 0.17% of the company’s stock.

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.