Apollon Wealth Management LLC Buys 20,449 Shares of The Procter & Gamble Company (NYSE:PG)

Apollon Wealth Management LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 32.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,152 shares of the company’s stock after buying an additional 20,449 shares during the quarter. Apollon Wealth Management LLC’s holdings in Procter & Gamble were worth $12,185,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dfpg Investments LLC raised its holdings in shares of Procter & Gamble by 1.7% during the fourth 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 during the period. Garrett Wealth Advisory Group LLC raised its holdings 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 worth $645,000 after acquiring an additional 260 shares during the last quarter. Herold Advisors Inc. raised its holdings in shares of Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its holdings 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 worth $13,772,000 after acquiring an additional 12,016 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.8 %

Procter & Gamble stock traded up $1.32 during trading hours on Tuesday, hitting $165.76. The stock had a trading volume of 6,374,243 shares, compared to its average volume of 6,896,868. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $391.22 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $166.04. The stock’s 50-day moving average price is $160.10 and its 200-day moving average price is $154.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.43%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is 65.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PG. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Argus upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Raymond James upped their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,724 shares of company stock worth $19,312,729. 0.17% of the stock is owned by company insiders.

About Procter & Gamble

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.