Maryland State Retirement & Pension System Buys 1,067 Shares of The Procter & Gamble Company (NYSE:PG)

Maryland State Retirement & Pension System raised its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,259 shares of the company’s stock after acquiring an additional 1,067 shares during the period. Maryland State Retirement & Pension System’s holdings in Procter & Gamble were worth $28,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Demars Financial Group LLC grew its holdings in shares of Procter & Gamble by 4.4% during the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares during the last quarter. Emerald Advisors LLC grew its stake in shares of Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after buying an additional 65 shares during the last quarter. O Brien Wealth Partners LLC increased its holdings in shares of Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after buying an additional 65 shares in the last quarter. Mechanics Financial Corp boosted its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after acquiring an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC grew its position in Procter & Gamble by 2.1% during the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. 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. BNP Paribas initiated coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Finally, Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $170.72.

View Our Latest Analysis on Procter & Gamble

Procter & Gamble Trading Up 0.8 %

NYSE:PG opened at $165.21 on Friday. The firm has a fifty day simple moving average of $165.82 and a two-hundred day simple moving average of $159.35. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41. The stock has a market capitalization of $389.92 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.13 and a beta of 0.41. 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 posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share 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 business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. This is a boost 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 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were 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 owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Company Profile

(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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