Delaney Dennis R Has $6.50 Million Position in The Procter & Gamble Company (NYSE:PG)

Delaney Dennis R increased its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,362 shares of the company’s stock after buying an additional 896 shares during the period. Procter & Gamble comprises approximately 3.9% of Delaney Dennis R’s investment portfolio, making the stock its 9th biggest holding. Delaney Dennis R’s holdings in Procter & Gamble were worth $6,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Advantage Trust Co purchased a new position in Procter & Gamble in the fourth quarter worth $28,000. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $29,000. Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $33,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $1.41 during midday trading on Friday, reaching $167.06. The company had a trading volume of 4,558,190 shares, compared to its average volume of 5,241,319. The company has a market capitalization of $394.28 billion, a P/E ratio of 27.30, a P/E/G ratio of 3.42 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The firm’s fifty day simple moving average is $162.51 and its 200-day simple moving average is $156.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. The Goldman Sachs Group started coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Barclays increased their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Get Our Latest Research Report on Procter & Gamble

Procter & Gamble Profile

(Free Report)

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.

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

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