The Procter & Gamble Company (NYSE:PG) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,785 shares of the company’s stock after purchasing an additional 952 shares during the period. Pinnacle Financial Partners Inc’s holdings in Procter & Gamble were worth $26,492,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PG. Axiom Financial Strategies LLC lifted its stake in Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares in the last quarter. AMI Investment Management Inc. lifted its stake in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management lifted its stake in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC purchased a new stake in shares of Procter & Gamble during the first quarter worth $3,073,000. Finally, Wsfs Capital Management LLC increased its position in shares of Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after acquiring an additional 455 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE PG opened at $160.57 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a market capitalization of $377.82 billion, a PE ratio of 26.90, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a fifty day moving average of $159.25 and a two-hundred day moving average of $152.32.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Raymond James upped their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.41.

Check Out Our Latest Analysis on Procter & Gamble

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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