Procyon Advisors LLC Purchases 8,587 Shares of The Procter & Gamble Company (NYSE:PG)

Procyon Advisors LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 15.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,055 shares of the company’s stock after acquiring an additional 8,587 shares during the quarter. Procter & Gamble makes up approximately 0.8% of Procyon Advisors LLC’s portfolio, making the stock its 26th largest position. Procyon Advisors LLC’s holdings in Procter & Gamble were worth $9,240,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PG. State Street Corp grew its position in Procter & Gamble by 0.8% in the second quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after acquiring an additional 817,674 shares during the period. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares during the period. Morgan Stanley grew its holdings in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after acquiring an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in 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 last quarter. Finally, Wellington Management Group LLP grew its position in shares of Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after buying an additional 3,047,557 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PG. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays lifted their target price on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada boosted 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $0.51 on Thursday, hitting $162.10. The stock had a trading volume of 1,141,839 shares, compared to its average volume of 6,807,711. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The stock has a market cap of $381.42 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The business’s 50 day moving average is $158.17 and its two-hundred day moving average is $152.09. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 earnings per share. Analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio is 62.98%.

About Procter & Gamble

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.