The Procter & Gamble Company (NYSE:PG) Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,463 shares of the company’s stock after acquiring an additional 220 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Procter & Gamble were worth $748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $33,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $34,000. Noble Wealth Management PBC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $39,000. Finally, Bay Harbor Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PG. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $168.20 on Monday. The company has a 50-day simple moving average of $167.27 and a 200-day simple moving average of $169.81. 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 company has a market capitalization of $394.39 billion, a PE ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Procter & Gamble 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.