Modus Advisors LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

Modus Advisors LLC increased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,630 shares of the company’s stock after buying an additional 95 shares during the period. Modus Advisors LLC’s holdings in Procter & Gamble were worth $2,620,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PG. Fiera Capital Corp increased its holdings in shares of Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares during the last quarter. Arbor Trust Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 0.5% in the 2nd quarter. Arbor Trust Wealth Advisors LLC now owns 12,961 shares of the company’s stock worth $2,138,000 after purchasing an additional 65 shares in the last quarter. FineMark National Bank & Trust raised its holdings in shares of Procter & Gamble by 7.6% during the 2nd quarter. FineMark National Bank & Trust now owns 168,246 shares of the company’s stock valued at $27,747,000 after buying an additional 11,940 shares in the last quarter. TD Asset Management Inc lifted its position in Procter & Gamble by 4.3% in the 2nd quarter. TD Asset Management Inc now owns 3,722,905 shares of the company’s stock worth $613,981,000 after buying an additional 154,234 shares during the last quarter. Finally, Range Financial Group LLC grew its position in Procter & Gamble by 4.6% during the second quarter. Range Financial Group LLC now owns 2,096 shares of the company’s stock valued at $346,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PG. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Finally, Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Stock Down 0.1 %

Shares of PG stock traded down $0.23 during mid-day trading on Friday, reaching $165.75. 708,782 shares of the company’s stock traded hands, compared to its average volume of 2,941,961. The company’s 50-day moving average price is $170.34 and its 200-day moving average price is $169.87. The company has a market cap of $390.35 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.70 and a beta of 0.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the prior year, the company earned $1.83 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.31%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,439 shares of company stock valued at $13,317,460. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.