Cohen Investment Advisors LLC Buys 399 Shares of The Procter & Gamble Company (NYSE:PG)

Cohen Investment Advisors LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,205 shares of the company’s stock after acquiring an additional 399 shares during the quarter. Procter & Gamble makes up approximately 1.9% of Cohen Investment Advisors LLC’s holdings, making the stock its 20th largest position. Cohen Investment Advisors LLC’s holdings in Procter & Gamble were worth $3,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the second quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $33,000. Quest Partners LLC purchased a new position in Procter & Gamble in the second quarter worth about $36,000. Costello Asset Management INC raised its position in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new position in Procter & Gamble during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday. Stifel Nicolaus cut their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $161.35 on Friday. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The stock has a 50 day moving average price of $169.32 and a 200 day moving average price of $169.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 over the last three months. 0.18% of the stock is owned by company insiders.

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.