Old Port Advisors Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Old Port Advisors grew its stake in The Procter & Gamble Company (NYSE:PG) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,024 shares of the company’s stock after buying an additional 453 shares during the quarter. Old Port Advisors’ holdings in Procter & Gamble were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiera Capital Corp increased its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Procter & Gamble by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 202,837 shares of the company’s stock worth $33,452,000 after purchasing an additional 1,735 shares during the period. Founders Financial Securities LLC boosted its position in Procter & Gamble by 26.9% during the second quarter. Founders Financial Securities LLC now owns 30,410 shares of the company’s stock worth $5,015,000 after purchasing an additional 6,447 shares in the last quarter. Archer Investment Corp boosted its position in Procter & Gamble by 8.4% during the second quarter. Archer Investment Corp now owns 8,939 shares of the company’s stock worth $1,474,000 after purchasing an additional 693 shares in the last quarter. Finally, Aveo Capital Partners LLC grew its holdings in Procter & Gamble by 38.0% in the second quarter. Aveo Capital Partners LLC now owns 6,110 shares of the company’s stock valued at $1,008,000 after purchasing an additional 1,684 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PG shares. Piper Sandler started coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.7 %

Procter & Gamble stock traded down $1.10 during midday trading on Thursday, hitting $166.55. 932,281 shares of the stock were exchanged, compared to its average volume of 6,696,123. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $392.23 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.70 and a beta of 0.44. The stock’s 50-day simple moving average is $170.34 and its 200 day simple moving average is $169.87. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.31%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.