Beacon Financial Group Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Beacon Financial Group decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,222 shares of the company’s stock after selling 111 shares during the quarter. Beacon Financial Group’s holdings in Procter & Gamble were worth $1,351,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PG. Kampmann Melissa S. boosted its position in Procter & Gamble by 2.0% during the fourth quarter. Kampmann Melissa S. now owns 28,505 shares of the company’s stock worth $4,177,000 after acquiring an additional 555 shares during the last quarter. Proathlete Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $720,000. WNY Asset Management LLC grew its position in shares of Procter & Gamble by 5.4% in the fourth quarter. WNY Asset Management LLC now owns 8,815 shares of the company’s stock valued at $1,292,000 after purchasing an additional 452 shares in the last quarter. Garde Capital Inc. increased its holdings in shares of Procter & Gamble by 19.2% in the fourth quarter. Garde Capital Inc. now owns 5,679 shares of the company’s stock valued at $832,000 after purchasing an additional 914 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Procter & Gamble by 97.2% during the fourth quarter. V Square Quantitative Management LLC now owns 33,486 shares of the company’s stock worth $4,907,000 after buying an additional 16,509 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PG. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s 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 completion of the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction 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 completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a 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 sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. 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 in the last quarter. 0.17% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.2 %

NYSE PG traded up $0.38 during trading on Friday, hitting $166.79. The stock had a trading volume of 3,694,974 shares, compared to its average volume of 4,965,412. The company has a market capitalization of $393.65 billion, a PE ratio of 27.26, a PEG ratio of 3.38 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.97. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $163.40 and a 200 day moving average price of $157.46.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.41%. 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. Procter & Gamble’s payout ratio is presently 65.85%.

Procter & Gamble Company 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.