The Procter & Gamble Company (NYSE:PG) Shares Purchased by Garrison Point Advisors LLC

Garrison Point Advisors LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 363.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,313 shares of the company’s stock after purchasing an additional 22,988 shares during the period. Procter & Gamble accounts for about 2.3% of Garrison Point Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Garrison Point Advisors LLC’s holdings in Procter & Gamble were worth $4,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PG. Howard Capital Management Group LLC boosted its position in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock worth $1,442,000 after purchasing an additional 82 shares during the period. Principal Financial Group Inc. increased its position in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank lifted its holdings in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after buying an additional 219 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Procter & Gamble in the third quarter worth $201,000. Finally, EP Wealth Advisors LLC grew its position in shares of Procter & Gamble by 5.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 103,424 shares of the company’s stock valued at $17,913,000 after buying an additional 5,177 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 5.0 %

Shares of NYSE PG opened at $163.73 on Friday. The firm has a market cap of $383.92 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a 50 day simple moving average of $169.17 and a 200 day simple moving average of $169.15.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler dropped their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $182.00.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was 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 of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

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.