Bragg Financial Advisors Inc Has $16.06 Million Stake in The Procter & Gamble Company (NYSE:PG)

Bragg Financial Advisors Inc cut its position in The Procter & Gamble Company (NYSE:PG) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,806 shares of the company’s stock after selling 197 shares during the quarter. Bragg Financial Advisors Inc’s holdings in Procter & Gamble were worth $16,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the fourth quarter worth about $34,000. Atlantic Private Wealth LLC boosted its stake in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $38,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $166.96 on Friday. 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 Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm has a 50 day moving average of $168.35 and a 200-day moving average of $168.62. The company has a market cap of $391.50 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s dividend payout ratio is presently 67.20%.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The shares were 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 directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in 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 a number of research analyst reports. 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. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.50.

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.