Matrix Asset Advisors Inc. NY Acquires 79 Shares of The Procter & Gamble Company (NYSE:PG)

Matrix Asset Advisors Inc. NY raised its holdings in The Procter & Gamble Company (NYSE:PG) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,344 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Procter & Gamble were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Mendota Financial Group LLC grew its stake in shares of Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the 2nd quarter worth $50,000. CGC Financial Services LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth $55,000. Finally, VitalStone Financial LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth $60,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $156.10 on Friday. The stock has a market cap of $367.31 billion, a P/E ratio of 26.15, a PEG ratio of 3.19 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The business’s 50-day moving average price is $159.46 and its two-hundred day moving average price is $152.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. As a group, equities analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is 62.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. UBS Group raised their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Stifel Nicolaus raised their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.35.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

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.