The Procter & Gamble Company (NYSE:PG) Shares Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,665 shares of the company’s stock after buying an additional 137 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Procter & Gamble were worth $447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. Board of the Pension Protection Fund acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $486,000. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in Procter & Gamble by 1.7% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,844 shares of the company’s stock valued at $1,483,000 after acquiring an additional 145 shares during the last quarter. Rockland Trust Co. grew its position in Procter & Gamble by 1.9% during the fourth quarter. Rockland Trust Co. now owns 193,283 shares of the company’s stock valued at $32,404,000 after acquiring an additional 3,689 shares during the period. CCLA Investment Management increased its stake in Procter & Gamble by 7.7% during the fourth quarter. CCLA Investment Management now owns 15,135 shares of the company’s stock worth $2,537,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Community Trust & Investment Co. raised its holdings in shares of Procter & Gamble by 0.8% in the 4th quarter. Community Trust & Investment Co. now owns 128,085 shares of the company’s stock worth $21,473,000 after purchasing an additional 1,032 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Finally, Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.75.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $159.75 on Thursday. The firm has a market cap of $376.22 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.70 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. The firm’s 50-day simple moving average is $169.40 and its 200-day simple moving average is $169.52. 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 released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for 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%. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble’s payout ratio is currently 69.31%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm’s 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. 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. Company 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.