The Procter & Gamble Company (NYSE:PG) Stake Raised by Dash Acquisitions Inc.

Dash Acquisitions Inc. boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 45.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,026 shares of the company’s stock after acquiring an additional 11,591 shares during the quarter. Procter & Gamble accounts for 1.8% of Dash Acquisitions Inc.’s portfolio, making the stock its 18th largest position. Dash Acquisitions Inc.’s holdings in Procter & Gamble were worth $5,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $17,696,000. Dfpg Investments LLC grew its stake in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Campbell Wealth Management raised its holdings in shares of Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after purchasing an additional 231 shares in the last quarter. Herold Advisors Inc. lifted its stake in Procter & Gamble by 2.2% during the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after purchasing an additional 581 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in Procter & Gamble by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after buying an additional 15,599 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $163.93 on Wednesday. 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 1 year low of $141.45 and a 1 year high of $169.41. The stock has a fifty day moving average price of $165.65 and a 200 day moving average price of $159.01. The stock has a market cap of $386.90 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.35 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.43 billion. During the same period in the previous year, the company earned $1.37 EPS. The firm’s revenue was up .6% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s 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 sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,544 shares of company stock valued at $25,413,051. 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.