Campbell Wealth Management Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Campbell Wealth Management raised its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the company’s stock after purchasing an additional 231 shares during the quarter. Campbell Wealth Management’s holdings in Procter & Gamble were worth $291,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. Northern Trust Corp boosted its position in shares of Procter & Gamble by 2.3% during the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after buying an additional 670,862 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Procter & Gamble by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after buying an additional 206,165 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock worth $1,629,299,000 after acquiring an additional 346,925 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Procter & Gamble by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after purchasing an additional 559,358 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Barclays boosted their target price 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. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Stifel Nicolaus boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Check Out Our Latest Analysis on PG

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 21,388 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now directly owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the sale, the chief executive officer now directly owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. Insiders sold a total of 140,112 shares of company stock worth $22,841,321 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.1 %

Shares of NYSE PG traded down $0.10 during trading hours on Tuesday, hitting $165.77. 6,009,310 shares of the company traded hands, compared to its average volume of 6,804,184. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $167.65. The stock has a market capitalization of $391.24 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43. The company’s 50 day moving average price is $160.75 and its 200 day moving average price is $154.95. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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