Investment Research & Advisory Group Inc. Boosts Position in The Procter & Gamble Company (NYSE:PG)

Investment Research & Advisory Group Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,341 shares of the company’s stock after purchasing an additional 398 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Procter & Gamble were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Procter & Gamble in the 4th quarter valued at about $3,956,117,000. Cerity Partners LLC increased its position in shares of Procter & Gamble by 106.2% during the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after acquiring an additional 3,159,796 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Procter & Gamble by 13,850.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock worth $402,601,000 after acquiring an additional 2,727,685 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock worth $473,475,000 after purchasing an additional 2,268,805 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the sale, the insider now owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 in the last ninety days. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research analyst reports. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 1.0 %

Shares of PG stock traded down $1.70 on Friday, reaching $164.92. 9,253,317 shares of the stock were exchanged, compared to its average volume of 6,088,934. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.38 and a beta of 0.42. The business’s 50 day moving average price is $165.60 and its 200 day moving average price is $158.81.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Procter & Gamble Profile

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.