Tyche Wealth Partners LLC Takes $6.09 Million Position in The Procter & Gamble Company (NYSE:PG)

Tyche Wealth Partners LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,580 shares of the company’s stock, valued at approximately $6,093,000. Procter & Gamble accounts for 1.5% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors have also modified their holdings of the company. Dfpg Investments LLC boosted its position in Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after acquiring an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC boosted its position in Procter & Gamble by 6.3% during the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after acquiring an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in Procter & Gamble by 14.6% during the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after acquiring an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after acquiring an additional 131,339 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in Procter & Gamble by 105.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock worth $8,699,000 after acquiring an additional 30,473 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock worth $43,187,745 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.3 %

PG traded up $0.50 during trading hours on Tuesday, hitting $155.95. 6,102,846 shares of the company’s stock were exchanged, compared to its average volume of 6,848,103. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14. The firm has a 50 day moving average of $159.27 and a 200 day moving average of $152.70. The firm has a market cap of $366.95 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 62.98%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Truist Financial raised 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 note on Monday, March 11th. Finally, Raymond James lifted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Company 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.