Tucker Asset Management LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Tucker Asset Management LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,623 shares of the company’s stock after purchasing an additional 3,645 shares during the period. Procter & Gamble comprises approximately 0.4% of Tucker Asset Management LLC’s portfolio, making the stock its 20th largest position. Tucker Asset Management LLC’s holdings in Procter & Gamble were worth $1,410,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PG. Wellington Management Group LLP raised its stake in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after acquiring an additional 3,047,557 shares in the last quarter. Northern Trust Corp increased its stake in Procter & Gamble by 2.3% in the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after purchasing an additional 670,862 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $3,956,117,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after acquiring an additional 206,165 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after acquiring an additional 346,925 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.38 during trading hours on Friday, hitting $166.79. 3,694,974 shares of the company traded hands, compared to its average volume of 4,965,412. The firm has a market cap of $393.65 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.39 and a beta of 0.42. 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 firm’s 50-day simple moving average is $163.40 and its two-hundred day simple moving average is $157.54. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.97.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,544 shares of company stock valued at $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Argus increased 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. Barclays increased 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. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Profile

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.