Prosperity Consulting Group LLC Invests $1.76 Million in The Procter & Gamble Company (NYSE:PG)

Prosperity Consulting Group LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,819 shares of the company’s stock, valued at approximately $1,759,000. Procter & Gamble makes up about 1.3% of Prosperity Consulting Group LLC’s holdings, making the stock its 21st largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Level Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $51,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $53,000. Costello Asset Management INC lifted its stake in shares of Procter & Gamble by 32.8% during the fourth quarter. Costello Asset Management INC now owns 364 shares of the company’s stock valued at $60,000 after buying an additional 90 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $83,000. Finally, Cranbrook Wealth Management LLC lifted its stake in shares of Procter & Gamble by 26.4% during the third quarter. Cranbrook Wealth Management LLC now owns 598 shares of the company’s stock valued at $84,000 after buying an additional 125 shares during the period. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the transaction, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 12,953 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total transaction of $1,988,415.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,515 shares of company stock worth $20,862,606. 0.51% of the stock is owned by corporate insiders.

Several equities analysts recently commented on PG shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Procter & Gamble from $173.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $165.00 to $175.00 in a research report on Tuesday, March 22nd. The Goldman Sachs Group dropped their price target on shares of Procter & Gamble from $179.00 to $173.00 in a research report on Tuesday, March 29th. Barclays increased their price objective on shares of Procter & Gamble from $167.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Finally, Credit Suisse Group increased their price objective on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $165.47.

Shares of PG stock traded up $0.17 during trading hours on Friday, reaching $152.16. The stock had a trading volume of 128,711 shares, compared to its average volume of 7,868,774. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The Procter & Gamble Company has a twelve month low of $131.94 and a twelve month high of $165.35. The firm has a 50-day simple moving average of $154.96 and a 200-day simple moving average of $154.99. The firm has a market capitalization of $365.08 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 4.38 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $18.69 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 22nd will be paid a dividend of $0.9133 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date is Thursday, April 21st. This represents a $3.65 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.70%.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: 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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