Stack Financial Management Inc Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Stack Financial Management Inc increased its position in The Procter & Gamble Company (NYSE:PG) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,272 shares of the company’s stock after purchasing an additional 962 shares during the quarter. Stack Financial Management Inc’s holdings in Procter & Gamble were worth $16,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Brown Financial Advisors raised its position in shares of Procter & Gamble by 83.3% in the 4th quarter. Brown Financial Advisors now owns 19,600 shares of the company’s stock valued at $3,286,000 after purchasing an additional 8,905 shares in the last quarter. Wrapmanager Inc. grew its position in shares of Procter & Gamble by 3.4% during the 4th quarter. Wrapmanager Inc. now owns 11,658 shares of the company’s stock valued at $1,955,000 after buying an additional 384 shares during the last quarter. Mengis Capital Management Inc. raised its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Mengis Capital Management Inc. now owns 19,433 shares of the company’s stock worth $3,258,000 after purchasing an additional 182 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in Procter & Gamble by 4.7% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 34,853 shares of the company’s stock valued at $5,843,000 after buying an additional 1,551 shares during the last quarter. Finally, Addison Advisors LLC grew its position in shares of Procter & Gamble by 10.8% during the fourth quarter. Addison Advisors LLC now owns 8,854 shares of the company’s stock worth $1,484,000 after acquiring an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.42.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $170.41 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $166.02 and a 200 day moving average price of $169.44. The company has a market cap of $399.59 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. Research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble’s dividend payout ratio is 64.01%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.