Guidance Capital Inc. Acquires 133 Shares of The Procter & Gamble Company (NYSE:PG)

Guidance Capital Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,697 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Procter & Gamble comprises about 0.8% of Guidance Capital Inc.’s investment portfolio, making the stock its 21st biggest position. Guidance Capital Inc.’s holdings in Procter & Gamble were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Demars Financial Group LLC lifted its position in Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after acquiring an additional 63 shares during the last quarter. Emerald Advisors LLC increased its position in shares of Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after purchasing an additional 65 shares in the last quarter. O Brien Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after purchasing an additional 65 shares during the last quarter. Mechanics Financial Corp boosted its position in shares of Procter & Gamble by 0.4% in the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after purchasing an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC grew its stake in Procter & Gamble by 2.1% during the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after buying an additional 66 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PG. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group boosted their target price 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. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.72.

Insider Transactions at Procter & Gamble

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

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $1.70 during trading on Friday, hitting $164.92. 9,253,317 shares of the stock traded hands, compared to its average volume of 6,088,934. 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 company has a fifty day moving average price of $165.60 and a two-hundred day moving average price of $158.81. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The company has a market cap of $389.23 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.35 and a beta of 0.42.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.