Alley Investment Management Company LLC Acquires 2,071 Shares of The Procter & Gamble Company (NYSE:PG)

Alley Investment Management Company LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,596 shares of the company’s stock after acquiring an additional 2,071 shares during the period. Alley Investment Management Company LLC’s holdings in Procter & Gamble were worth $10,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $39,000. Bay Harbor Wealth Management LLC increased its position in shares of Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $46,000. Finally, Costello Asset Management INC boosted its holdings in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $175.50 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market cap of $411.52 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.76 and a beta of 0.45. The firm’s fifty day moving average is $166.44 and its two-hundred day moving average is $169.61. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the firm posted $1.84 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.