The Procter & Gamble Company (NYSE:PG) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,807 shares of the company’s stock after buying an additional 2,298 shares during the quarter. New York Life Investment Management LLC’s holdings in Procter & Gamble were worth $54,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wyrmwood Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth $29,000. Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $33,000. Mendota Financial Group LLC increased its stake in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares during the period. Finally, DiNuzzo Private Wealth Inc. purchased a new position in Procter & Gamble during the fourth quarter worth about $56,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Raymond James raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,586,483.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,865 shares of company stock valued at $14,059,180. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.20 during midday trading on Wednesday, reaching $163.40. 7,542,646 shares of the company traded hands, compared to its average volume of 6,949,875. The firm has a market capitalization of $385.65 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The company has a fifty day moving average price of $159.82 and a 200 day moving average price of $153.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, 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 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 is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.