Websterrogers Financial Advisors LLC Invests $244,000 in The Procter & Gamble Company (NYSE:PG)

Websterrogers Financial Advisors LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,455 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of Procter & Gamble by 19,030.8% during the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock worth $639,730,000 after buying an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after purchasing an additional 3,619,466 shares during the period. Franklin Resources Inc. raised its position in shares of Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Procter & Gamble in the third quarter valued at approximately $301,950,000. Finally, AMF Tjanstepension AB lifted its position in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler started coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. UBS Group reduced their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.05.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG opened at $160.54 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a 50-day moving average price of $169.37 and a 200-day moving average price of $169.45. The stock has a market capitalization of $378.08 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.51%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Procter & Gamble Profile

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.