The Procter & Gamble Company (NYSE:PG) Shares Bought by Stratos Investment Management LLC

by · The Markets Daily

Stratos Investment Management LLC raised its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,803 shares of the company’s stock after purchasing an additional 919 shares during the period. Stratos Investment Management LLC’s holdings in Procter & Gamble were worth $5,540,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dfpg Investments LLC raised its position in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after purchasing an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC raised its position in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after purchasing an additional 260 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Procter & Gamble by 14.6% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after purchasing an additional 12,016 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after acquiring an additional 131,339 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Procter & Gamble by 26.9% during the 2nd quarter. Royal Bank of Canada now owns 10,823,380 shares of the company’s stock valued at $1,642,339,000 after acquiring an additional 2,293,824 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Wells Fargo & Company increased their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Barclays increased their price target on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.35.

Get Our Latest Analysis on Procter & Gamble

Procter & Gamble Trading Up 0.4 %

Shares of PG stock opened at $156.10 on Friday. The stock has a 50-day simple moving average of $159.46 and a 200 day simple moving average of $152.43. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The stock has a market capitalization of $367.31 billion, a P/E ratio of 26.15, a P/E/G ratio of 3.19 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter last year, the business posted $1.59 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 62.98%.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 31,275 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now directly owns 9,623 shares of the company’s stock, valued at $1,490,602.70. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 over the last three months. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

(Free Report)

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.

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