Evoke Wealth LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

Evoke Wealth LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 13.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,039 shares of the company’s stock after acquiring an additional 4,527 shares during the quarter. Evoke Wealth LLC’s holdings in Procter & Gamble were worth $6,377,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Horizon Investments LLC increased its position in Procter & Gamble by 2.3% during the 4th quarter. Horizon Investments LLC now owns 21,743 shares of the company’s stock valued at $3,623,000 after buying an additional 492 shares in the last quarter. Carlson Capital Management increased its holdings in shares of Procter & Gamble by 13.4% during the fourth quarter. Carlson Capital Management now owns 1,411 shares of the company’s stock valued at $237,000 after acquiring an additional 167 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Procter & Gamble by 27.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 402,571 shares of the company’s stock worth $67,437,000 after purchasing an additional 87,671 shares during the last quarter. PDS Planning Inc grew its position in Procter & Gamble by 9.1% during the 4th quarter. PDS Planning Inc now owns 35,645 shares of the company’s stock valued at $5,976,000 after purchasing an additional 2,987 shares during the last quarter. Finally, Kensington Investment Counsel LLC increased its stake in Procter & Gamble by 3.4% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,888 shares of the company’s stock valued at $2,328,000 after purchasing an additional 461 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.47.

Procter & Gamble Stock Performance

Shares of PG opened at $169.70 on Tuesday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $397.92 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 3.76 and a beta of 0.41. The business has a 50-day simple moving average of $167.45 and a two-hundred day simple moving average of $169.81.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 EPS. On average, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

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.