The Procter & Gamble Company (NYSE:PG) Shares Acquired by Davidson Trust Co.

Davidson Trust Co. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,252 shares of the company’s stock after acquiring an additional 376 shares during the period. Procter & Gamble accounts for approximately 1.9% of Davidson Trust Co.’s portfolio, making the stock its 13th biggest holding. Davidson Trust Co.’s holdings in Procter & Gamble were worth $2,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Emerald Advisors LLC boosted its stake in Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares during the last quarter. O Brien Wealth Partners LLC boosted its stake in Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares during the last quarter. KFA Private Wealth Group LLC boosted its stake in Procter & Gamble by 2.2% in the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after acquiring an additional 67 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in Procter & Gamble by 1.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after acquiring an additional 67 shares during the last quarter. Finally, Watchman Group Inc. boosted its stake in Procter & Gamble by 0.4% in the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after acquiring an additional 68 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PG. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Barclays increased their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.53.

Procter & Gamble Stock Down 1.0 %

PG stock traded down $1.56 during midday trading on Friday, hitting $155.73. The company’s stock had a trading volume of 4,481,218 shares, compared to its average volume of 6,828,502. 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 Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company’s fifty day moving average price is $159.13 and its 200 day moving average price is $152.83. The stock has a market capitalization of $366.44 billion, a P/E ratio of 26.06, a PEG ratio of 3.21 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the business earned $1.37 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble 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 sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 in the last quarter. Company insiders own 0.17% of the company’s stock.

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.