Tandem Investment Advisors Inc. Sells 8,851 Shares of The Procter & Gamble Company (NYSE:PG)

Tandem Investment Advisors Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 83.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,747 shares of the company’s stock after selling 8,851 shares during the period. Tandem Investment Advisors Inc.’s holdings in Procter & Gamble were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in shares of Procter & Gamble by 4.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 313,409 shares of the company’s stock worth $45,926,000 after purchasing an additional 13,711 shares during the period. Oakworth Capital Inc. lifted its position in shares of Procter & Gamble by 17.2% in the 4th quarter. Oakworth Capital Inc. now owns 15,865 shares of the company’s stock worth $2,325,000 after purchasing an additional 2,323 shares during the period. Archer Investment Corp lifted its position in shares of Procter & Gamble by 14.6% in the 4th quarter. Archer Investment Corp now owns 8,035 shares of the company’s stock worth $1,177,000 after purchasing an additional 1,022 shares during the period. Telos Capital Management Inc. lifted its position in shares of Procter & Gamble by 12.6% in the 4th quarter. Telos Capital Management Inc. now owns 112,917 shares of the company’s stock worth $16,547,000 after purchasing an additional 12,622 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $437,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG traded up $1.01 during trading on Wednesday, hitting $156.96. The stock had a trading volume of 6,497,855 shares, compared to its average volume of 6,852,001. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The company has a market capitalization of $369.33 billion, a PE ratio of 26.12, a PEG ratio of 3.18 and a beta of 0.44. The firm has a fifty day moving average of $159.20 and a two-hundred day moving average of $152.77.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Analyst Ratings Changes

PG has been the topic of a number of research reports. Barclays boosted their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Raymond James boosted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $168.53.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.