Hurley Capital LLC Invests $142,000 in The Procter & Gamble Company (NYSE:PG)

Hurley Capital LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 847 shares of the company’s stock, valued at approximately $142,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its stake in Procter & Gamble by 10.1% during the fourth quarter. Wedbush Securities Inc. now owns 70,313 shares of the company’s stock valued at $11,788,000 after purchasing an additional 6,456 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Procter & Gamble by 0.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,130,358 shares of the company’s stock valued at $524,805,000 after purchasing an additional 11,076 shares in the last quarter. Perennial Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 7.5% in the 4th quarter. Perennial Investment Advisors LLC now owns 6,055 shares of the company’s stock worth $1,015,000 after purchasing an additional 425 shares in the last quarter. Sit Investment Associates Inc. increased its stake in Procter & Gamble by 14.8% in the 4th quarter. Sit Investment Associates Inc. now owns 80,245 shares of the company’s stock worth $13,453,000 after purchasing an additional 10,330 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Procter & Gamble by 3.2% during the 4th quarter. Aviva PLC now owns 1,873,025 shares of the company’s stock worth $314,013,000 after purchasing an additional 58,637 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 5.0 %

Shares of NYSE PG opened at $163.73 on Friday. The firm has a 50-day moving average price of $169.17 and a 200 day moving average price of $169.20. The stock has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last released its 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 firm 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%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Analyst Ratings Changes

Several research firms have recently weighed in on PG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Truist Financial increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a 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 on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.