Gilbert & Cook Inc. Buys 1,237 Shares of The Procter & Gamble Company (NYSE:PG)

Gilbert & Cook Inc. increased its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,215 shares of the company’s stock after purchasing an additional 1,237 shares during the quarter. Procter & Gamble accounts for 0.4% of Gilbert & Cook Inc.’s portfolio, making the stock its 24th largest position. Gilbert & Cook Inc.’s holdings in Procter & Gamble were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Investment Counsel Inc grew its holdings in shares of Procter & Gamble by 0.6% in the fourth quarter. Capital Investment Counsel Inc now owns 40,179 shares of the company’s stock worth $5,888,000 after acquiring an additional 249 shares during the period. Eagle Wealth Strategies LLC purchased a new position in Procter & Gamble in the fourth quarter worth about $366,000. Silver Oak Securities Incorporated grew its stake in shares of Procter & Gamble by 23.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 12,206 shares of the company’s stock valued at $1,789,000 after purchasing an additional 2,323 shares during the period. Fiduciary Group LLC increased its position in shares of Procter & Gamble by 0.6% during the 4th quarter. Fiduciary Group LLC now owns 44,980 shares of the company’s stock valued at $6,591,000 after purchasing an additional 251 shares during the last quarter. Finally, Shufro Rose & Co. LLC boosted its holdings in shares of Procter & Gamble by 14.4% in the fourth quarter. Shufro Rose & Co. LLC now owns 3,964 shares of the company’s stock worth $578,000 after buying an additional 500 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.2 %

Shares of PG stock opened at $164.54 on Friday. The stock has a market cap of $388.34 billion, a P/E ratio of 26.89, a PEG ratio of 3.30 and a beta of 0.43. The company’s fifty day simple moving average is $162.00 and its two-hundred day simple moving average is $156.42. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $168.54.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts predict 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. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders sold 155,320 shares of company stock valued at $25,535,744 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Read Our Latest Stock Analysis on Procter & Gamble

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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