Sunbeam Capital Management LLC Buys New Position in The Procter & Gamble Company (NYSE:PG)

Sunbeam Capital Management LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 204 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Navigoe LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Hoey Investments Inc. lifted its stake in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble in the fourth quarter worth $34,000. Finally, 10Elms LLP bought a new position in Procter & Gamble in the fourth quarter worth $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock valued at $10,999,268 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PG shares. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.52.

Procter & Gamble Stock Performance

PG opened at $165.95 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market capitalization of $389.07 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.76 and a beta of 0.41. The company has a fifty day moving average of $164.19 and a 200 day moving average of $167.29. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 66.98%.

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.