Procter & Gamble Company (The) $PG Shares Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 354.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,170 shares of the company’s stock after buying an additional 11,051 shares during the period. Cypress Wealth Services LLC’s holdings in Procter & Gamble were worth $2,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Cushing Capital Partners LLC grew its stake in shares of Procter & Gamble by 6.3% in the fourth quarter. Cushing Capital Partners LLC now owns 1,561 shares of the company’s stock worth $224,000 after acquiring an additional 93 shares in the last quarter. Woodward Diversified Capital LLC increased its position in shares of Procter & Gamble by 3.1% during the fourth quarter. Woodward Diversified Capital LLC now owns 12,523 shares of the company’s stock worth $1,795,000 after acquiring an additional 379 shares during the period. Waldron Private Wealth LLC raised its stake in shares of Procter & Gamble by 1.3% in the fourth quarter. Waldron Private Wealth LLC now owns 25,364 shares of the company’s stock valued at $3,635,000 after acquiring an additional 318 shares in the last quarter. Beech Hill Advisors Inc. boosted its holdings in Procter & Gamble by 0.5% in the fourth quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company’s stock valued at $2,040,000 after purchasing an additional 70 shares during the period. Finally, Guardian Financial Partners LLC boosted its holdings in Procter & Gamble by 13.1% in the fourth quarter. Guardian Financial Partners LLC now owns 3,853 shares of the company’s stock valued at $552,000 after purchasing an additional 445 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PG shares. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Piper Sandler started coverage on Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Read Our Latest Stock Report on Procter & Gamble

Procter & Gamble Stock Up 0.2%

Shares of NYSE PG opened at $142.76 on Friday. The business has a 50-day moving average of $153.93 and a two-hundred day moving average of $150.12. The company has a market capitalization of $331.78 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.52%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the sale, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by insiders.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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