Lantern Wealth Advisors LLC Acquires Shares of 1,323 The Procter & Gamble Company (NYSE:PG)

Lantern Wealth Advisors LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,323 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock valued at $2,728,430,000 after acquiring an additional 2,224,912 shares during the period. Voloridge Investment Management LLC grew its stake in Procter & Gamble by 671.8% during the fourth quarter. Voloridge Investment Management LLC now owns 209,000 shares of the company’s stock worth $35,039,000 after buying an additional 181,921 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Procter & Gamble by 45.3% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 450,775 shares of the company’s stock valued at $75,572,000 after buying an additional 140,594 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Procter & Gamble by 144.2% during the 4th quarter. Waverly Advisors LLC now owns 265,873 shares of the company’s stock worth $44,574,000 after acquiring an additional 157,013 shares during the period. Finally, Wallace Capital Management Inc. boosted its position in shares of Procter & Gamble by 7.1% during the 4th quarter. Wallace Capital Management Inc. now owns 27,305 shares of the company’s stock worth $4,578,000 after acquiring an additional 1,812 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on 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 transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.52.

Procter & Gamble Trading Up 0.9%

Shares of PG stock opened at $164.78 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. 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 50 day simple moving average of $164.42 and a two-hundred day simple moving average of $167.31. The company has a market cap of $386.33 billion, a P/E ratio of 26.24, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend 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.