Occidental Asset Management LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

Occidental Asset Management LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the company’s stock after buying an additional 318 shares during the period. Occidental Asset Management LLC’s holdings in Procter & Gamble were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teza Capital Management LLC increased its holdings in Procter & Gamble by 212.9% during the third quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock valued at $625,000 after buying an additional 2,915 shares during the period. Fred Alger Management LLC lifted its stake in shares of Procter & Gamble by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 50,240 shares of the company’s stock worth $7,328,000 after purchasing an additional 167 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in Procter & Gamble during the third quarter valued at about $1,001,000. Gateway Advisory LLC grew its stake in Procter & Gamble by 33.3% in the third quarter. Gateway Advisory LLC now owns 10,156 shares of the company’s stock valued at $1,481,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in Procter & Gamble by 4.6% in the third quarter. Insigneo Advisory Services LLC now owns 12,524 shares of the company’s stock worth $1,827,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded down $1.70 during trading hours on Friday, reaching $164.92. 9,253,317 shares of the company’s stock were exchanged, compared to its average volume of 6,088,934. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company’s 50 day moving average is $165.60 and its two-hundred day moving average is $158.73. The company has a market cap of $389.23 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.42. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PG shares. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, The Goldman Sachs Group assumed coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $170.72.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 over the last three months. 0.17% of the stock is owned by company 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.