Regal Investment Advisors LLC Purchases 773 Shares of The Procter & Gamble Company (NYSE:PG)

Regal Investment Advisors LLC raised its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,321 shares of the company’s stock after purchasing an additional 773 shares during the quarter. Procter & Gamble accounts for approximately 1.0% of Regal Investment Advisors LLC’s holdings, making the stock its 22nd biggest position. Regal Investment Advisors LLC’s holdings in Procter & Gamble were worth $11,340,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PG. Level Financial Advisors Inc. bought a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $51,000. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $53,000. Costello Asset Management INC grew its stake in shares of Procter & Gamble by 32.8% during the 4th quarter. Costello Asset Management INC now owns 364 shares of the company’s stock valued at $60,000 after acquiring an additional 90 shares during the period. MFA Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $83,000. Finally, Cranbrook Wealth Management LLC grew its stake in shares of Procter & Gamble by 26.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 598 shares of the company’s stock valued at $84,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 63.64% of the company’s stock.

In other Procter & Gamble news, CEO Carolyn M. Tastad sold 3,730 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total value of $572,592.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 1,220 shares in the company, 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 in the last 90 days. 0.51% of the stock is currently owned by insiders.

Shares of PG traded up $1.63 during mid-day trading on Friday, hitting $153.62. 5,675,512 shares of the stock were exchanged, compared to its average volume of 7,990,998. The company has a market cap of $368.58 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 4.32 and a beta of 0.39. The Procter & Gamble Company has a 52-week low of $131.94 and a 52-week high of $165.35. The firm has a 50-day moving average of $154.97 and a two-hundred day moving average of $155.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 22nd will be issued a dividend of $0.9133 per share. This represents a $3.65 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio is presently 63.70%.

A number of research analysts recently issued reports on the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Raymond James boosted their price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Zacks Investment Research cut Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 price target on the stock. in a report on Tuesday, March 29th. Barclays boosted their price target on Procter & Gamble from $167.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, Royal Bank of Canada boosted their price target on Procter & Gamble from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, January 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $165.47.

About Procter & Gamble (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.

Featured Articles

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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.