The Procter & Gamble Company (NYSE:PG) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,810 shares of the company’s stock after buying an additional 358 shares during the quarter. Good Life Advisors LLC’s holdings in Procter & Gamble were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Axiom Financial Strategies LLC increased its stake in Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares in the last quarter. AMI Investment Management Inc. lifted its stake in shares of Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares during the period. LSV Asset Management increased its holdings in shares of Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC bought a new stake in Procter & Gamble during the first quarter worth $3,073,000. Finally, Wsfs Capital Management LLC lifted its position in shares of Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after buying an additional 455 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $0.36 on Thursday, reaching $162.25. 6,791,781 shares of the company were exchanged, compared to its average volume of 6,902,217. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $158.42 and a 200-day moving average of $152.16. The firm has a market cap of $381.78 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PG. Royal Bank of Canada lifted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Barclays raised their price objective on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. UBS Group lifted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,063 shares of company stock valued at $43,187,745. 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.