1,457 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Shotwell Rutter Baer Inc

Shotwell Rutter Baer Inc purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,457 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Moneta Group Investment Advisors LLC raised its position in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Norges Bank acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $3,752,321,000. Morgan Stanley increased its stake in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Barclays PLC lifted its holdings in Procter & Gamble by 118.1% during the 2nd quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock worth $961,170,000 after purchasing an additional 3,429,929 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Barclays raised their price objective on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.41.

Procter & Gamble Price Performance

PG stock opened at $162.61 on Thursday. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $162.74. The company has a fifty day moving average price of $158.17 and a 200-day moving average price of $152.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The company has a market capitalization of $382.62 billion, a P/E ratio of 27.24, a PEG ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.31%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is owned by insiders.

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.