General Partner Inc. Acquires 1,771 Shares of The Procter & Gamble Company (NYSE:PG)

General Partner Inc. boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 38.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,346 shares of the company’s stock after acquiring an additional 1,771 shares during the quarter. General Partner Inc.’s holdings in Procter & Gamble were worth $1,030,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on 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 directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction 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 sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 in the last three months. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Trading Up 0.6 %

Shares of NYSE:PG opened at $168.56 on Wednesday. The stock has a 50 day moving average of $163.86 and a 200 day moving average of $157.75. The company has a market cap of $397.83 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97.

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

Procter & Gamble Increases Dividend

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

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.