Smart Money Group LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Smart Money Group LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,288 shares of the company’s stock after buying an additional 370 shares during the period. Smart Money Group LLC’s holdings in Procter & Gamble were worth $886,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Annex Advisory Services LLC raised its stake in Procter & Gamble by 5.3% during the 4th quarter. Annex Advisory Services LLC now owns 34,215 shares of the company’s stock valued at $5,736,000 after purchasing an additional 1,712 shares during the period. Cascade Investment Group Inc. grew its holdings in Procter & Gamble by 5.8% during the 4th quarter. Cascade Investment Group Inc. now owns 3,037 shares of the company’s stock valued at $509,000 after buying an additional 166 shares in the last quarter. Grove Bank & Trust raised its position in shares of Procter & Gamble by 2.8% during the fourth quarter. Grove Bank & Trust now owns 15,228 shares of the company’s stock valued at $2,553,000 after buying an additional 416 shares during the last quarter. Brady Martz Wealth Solutions LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth $972,000. Finally, Delta Capital Management LLC grew its stake in Procter & Gamble by 0.8% during the fourth quarter. Delta Capital Management LLC now owns 26,860 shares of the company’s stock valued at $4,503,000 after acquiring an additional 210 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,447 shares of company stock worth $12,978,820. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PG shares. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Piper Sandler initiated coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Trading Up 0.5 %

NYSE PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company’s 50-day moving average price is $169.19 and its 200-day moving average price is $169.46. The stock has a market cap of $379.98 billion, a PE ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

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.