D.B. Root & Company LLC Invests $318,000 in The Procter & Gamble Company (NYSE:PG)

D.B. Root & Company LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,957 shares of the company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advantage Trust Co acquired a new position in Procter & Gamble during the 4th quarter worth about $28,000. Wyrmwood Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Argus raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays increased their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Down 1.0 %

Shares of NYSE:PG opened at $164.92 on Monday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The company has a market capitalization of $389.23 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.41. The business has a fifty day moving average price of $165.60 and a two-hundred day moving average price of $158.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) 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 last year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Transactions 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 in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The stock was 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 in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by company insiders.

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.