Inceptionr LLC Buys Shares of 4,062 The Procter & Gamble Company (NYSE:PG)

Inceptionr LLC bought a new stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,062 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after acquiring an additional 3,047,557 shares during the last quarter. Northern Trust Corp increased its stake in shares of Procter & Gamble by 2.3% in the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock worth $4,275,616,000 after buying an additional 670,862 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after buying an additional 206,165 shares during the period. Royal Bank of Canada increased its stake in shares of Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock worth $1,629,299,000 after buying an additional 346,925 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Procter & Gamble by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock worth $1,547,021,000 after buying an additional 559,358 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

PG traded down $0.10 during midday trading on Tuesday, hitting $165.77. 6,009,310 shares of the company traded hands, compared to its average volume of 6,804,184. 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 firm has a market capitalization of $391.24 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43. The company’s 50-day moving average is $160.75 and its 200 day moving average is $154.95. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $167.65.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold 140,112 shares of company stock valued at $22,841,321 in the last quarter. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on PG shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Check Out Our Latest Research Report on Procter & Gamble

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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