Livforsakringsbolaget Skandia Omsesidigt Purchases 2,116 Shares of The Procter & Gamble Company (NYSE:PG)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in The Procter & Gamble Company (NYSE:PG) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,010 shares of the company’s stock after purchasing an additional 2,116 shares during the quarter. Procter & Gamble comprises about 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 29th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Procter & Gamble were worth $8,061,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $29,000. Mendota Financial Group LLC boosted its stake in Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the 2nd quarter valued at $50,000. Morton Brown Family Wealth LLC lifted its position in shares of Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Procter & Gamble by 49.7% during the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after purchasing an additional 151 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on PG shares. Wells Fargo & Company increased their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Finally, UBS Group raised their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Trading Up 0.6 %

Procter & Gamble stock traded up $1.01 during trading hours on Wednesday, hitting $156.96. The stock had a trading volume of 6,497,855 shares, compared to its average volume of 6,852,001. 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 stock has a market cap of $369.33 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The business’s 50 day simple moving average is $159.20 and its 200-day simple moving average is $152.77.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Insider Transactions at Procter & Gamble

In other 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 completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock worth $43,187,745 over the last ninety days. 0.17% of the stock is owned by 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.