Financial Advisory Service Inc. Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Financial Advisory Service Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,582 shares of the company’s stock after buying an additional 510 shares during the quarter. Financial Advisory Service Inc.’s holdings in Procter & Gamble were worth $2,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Joseph Group Capital Management bought a new stake in Procter & Gamble in the fourth quarter worth $1,527,000. Level Financial Advisors Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $51,000. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the 4th quarter valued at about $53,000. Costello Asset Management INC grew its position in Procter & Gamble by 32.8% during the 4th quarter. Costello Asset Management INC now owns 364 shares of the company’s stock worth $60,000 after acquiring an additional 90 shares during the last quarter. Finally, True Link Financial Advisors LLC increased its stake in Procter & Gamble by 83.0% in the 4th quarter. True Link Financial Advisors LLC now owns 529 shares of the company’s stock worth $87,000 after purchasing an additional 240 shares during the period. 63.64% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Credit Suisse Group increased their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Jefferies Financial Group lifted their price objective on Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. Royal Bank of Canada upped their target price on Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Thursday, January 20th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $175.00 in a research report on Tuesday, March 22nd. Finally, Morgan Stanley raised their target price on shares of Procter & Gamble from $161.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, January 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Buy” and a consensus price target of $165.47.

In other news, CEO Carolyn M. Tastad sold 3,730 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $153.51, for a total value of $572,592.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total transaction of $54,251.62. Following the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The disclosure for this sale can be found here. Insiders sold 128,515 shares of company stock worth $20,862,606 over the last quarter. Insiders own 0.51% of the company’s stock.

NYSE PG traded down $3.34 during trading hours on Thursday, hitting $141.70. The company’s stock had a trading volume of 9,604,097 shares, compared to its average volume of 8,208,446. The Procter & Gamble Company has a 12 month low of $131.94 and a 12 month high of $165.35. The company’s 50 day simple moving average is $155.23 and its two-hundred day simple moving average is $155.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market cap of $339.98 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 4.39 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, research analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is currently 63.70%.

Procter & Gamble Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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