The Procter & Gamble Company (NYSE:PG) Shares Purchased by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,215 shares of the company’s stock after purchasing an additional 537 shares during the period. Symphony Financial Ltd. Co.’s holdings in Procter & Gamble were worth $1,820,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Advantage Trust Co acquired a new position in shares of Procter & Gamble in the fourth quarter worth $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $1.70 on Friday, reaching $164.92. The company’s stock had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The stock’s 50-day moving average is $165.60 and its two-hundred day moving average is $158.81. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. 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 stock has a market capitalization of $389.23 billion, a P/E ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is 65.85%.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated 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 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 a total of 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on PG shares. BNP Paribas started coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Barclays boosted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

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.