Fairman Group LLC Purchases Shares of 736 The Procter & Gamble Company (NYSE:PG)

Fairman Group LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 736 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds have also recently modified their holdings of PG. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Procter & Gamble by 80.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 41,787 shares of the company’s stock valued at $6,095,000 after buying an additional 18,656 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Procter & Gamble during the 3rd quarter valued at approximately $1,273,000. WestHill Financial Advisors Inc. boosted its holdings in shares of Procter & Gamble by 3.8% in the 3rd quarter. WestHill Financial Advisors Inc. now owns 3,220 shares of the company’s stock valued at $470,000 after acquiring an additional 119 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of Procter & Gamble by 4.2% in the third quarter. Sugarloaf Wealth Management LLC now owns 4,301 shares of the company’s stock worth $627,000 after acquiring an additional 173 shares during the period. Finally, Columbia Asset Management raised its holdings in shares of Procter & Gamble by 0.8% during the third quarter. Columbia Asset Management now owns 47,561 shares of the company’s stock worth $6,937,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, 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 accessible through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG opened at $168.56 on Wednesday. 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 Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $168.97. The firm has a market cap of $397.83 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company’s 50-day simple moving average is $163.86 and its 200-day simple moving average is $157.75.

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

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s payout ratio is presently 65.85%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their target price 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.