Silver Oak Securities Incorporated Grows Stake in The Procter & Gamble Company (NYSE:PG)

Silver Oak Securities Incorporated increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,206 shares of the company’s stock after purchasing an additional 2,323 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Procter & Gamble were worth $1,789,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Procter & Gamble by 2.3% in the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after purchasing an additional 670,862 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Procter & Gamble by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Procter & Gamble by 3.2% in the 3rd quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after purchasing an additional 346,925 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Procter & Gamble by 17.1% in the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock valued at $1,390,963,000 after purchasing an additional 1,387,539 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.8 %

Procter & Gamble stock traded down $1.26 during midday trading on Friday, reaching $161.29. The company’s stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market cap of $380.67 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.27 and a beta of 0.44. The business has a 50-day simple moving average of $159.64 and a 200-day simple moving average of $153.57.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Barclays boosted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. UBS Group upped their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold a total of 100,865 shares of company stock valued at $16,029,280 over the last quarter. 0.17% of the stock is currently owned by insiders.

About Procter & Gamble

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.