Summitry LLC Buys 3,230 Shares of The Procter & Gamble Company (NYSE:PG)

Summitry LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,343 shares of the company’s stock after purchasing an additional 3,230 shares during the quarter. Summitry LLC’s holdings in Procter & Gamble were worth $6,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $33,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC boosted its stake in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Procter & Gamble during the 4th quarter valued at $39,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 in the last quarter. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Piper Sandler cut their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Stock Down 1.7 %

NYSE:PG opened at $162.90 on Wednesday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market capitalization of $381.98 billion, a PE ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The firm’s 50-day moving average price is $168.17 and its 200-day moving average price is $169.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.47%. Procter & Gamble’s payout ratio is presently 64.01%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.