Slagle Financial LLC Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Slagle Financial LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,560 shares of the company’s stock after acquiring an additional 40,562 shares during the period. Procter & Gamble makes up 1.5% of Slagle Financial LLC’s investment portfolio, making the stock its 4th largest holding. Slagle Financial LLC’s holdings in Procter & Gamble were worth $11,952,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. CCM Investment Advisers LLC boosted its stake in Procter & Gamble by 0.8% during the fourth quarter. CCM Investment Advisers LLC now owns 61,664 shares of the company’s stock worth $9,036,000 after acquiring an additional 475 shares in the last quarter. Tucker Asset Management LLC lifted its stake in shares of Procter & Gamble by 61.0% in the fourth quarter. Tucker Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,410,000 after buying an additional 3,645 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in shares of Procter & Gamble by 0.4% in the fourth quarter. Congress Asset Management Co. MA now owns 612,680 shares of the company’s stock worth $89,782,000 after buying an additional 2,658 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $244,000. Finally, Fortis Group Advisors LLC lifted its stake in shares of Procter & Gamble by 2.7% in the fourth quarter. Fortis Group Advisors LLC now owns 7,434 shares of the company’s stock worth $1,104,000 after buying an additional 195 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price 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 boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.38 on Friday, hitting $166.79. 3,694,974 shares of the stock traded hands, compared to its average volume of 4,965,412. The firm has a market cap of $393.65 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 3.39 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $168.97. The firm has a 50 day simple moving average of $163.40 and a two-hundred day simple moving average of $157.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its earnings results 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 company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts predict 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 issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble Company 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.