The Procter & Gamble Company (NYSE:PG) Position Increased by Trajan Wealth LLC

Trajan Wealth LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 13.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,309 shares of the company’s stock after acquiring an additional 8,389 shares during the period. Trajan Wealth LLC’s holdings in Procter & Gamble were worth $11,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Landing Point Financial Group LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $269,000. MML Investors Services LLC raised its holdings in shares of Procter & Gamble by 3.3% during the fourth quarter. MML Investors Services LLC now owns 429,169 shares of the company’s stock valued at $71,950,000 after buying an additional 13,678 shares during the last quarter. Mach 1 Financial Group LLC raised its holdings in shares of Procter & Gamble by 12.3% during the fourth quarter. Mach 1 Financial Group LLC now owns 3,269 shares of the company’s stock valued at $548,000 after buying an additional 357 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Procter & Gamble by 1.6% during the fourth quarter. MetLife Investment Management LLC now owns 646,629 shares of the company’s stock worth $108,407,000 after buying an additional 10,436 shares during the period. Finally, Norinchukin Bank The increased its position in Procter & Gamble by 8.0% in the 4th quarter. Norinchukin Bank The now owns 116,760 shares of the company’s stock valued at $19,575,000 after acquiring an additional 8,683 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 2.5 %

PG stock opened at $170.59 on Friday. The Procter & Gamble Company has a 12-month low of $156.69 and a 12-month 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 company has a market cap of $400.01 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.76 and a beta of 0.43. The company has a 50 day moving average of $168.39 and a two-hundred day moving average of $168.48.

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 the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the firm posted $1.84 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.48%. Procter & Gamble’s dividend payout ratio is 67.20%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Piper Sandler lowered their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.50.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred 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 owns 172,814 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by corporate insiders.

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.