Ferguson Shapiro LLC Acquires Shares of 1,370 The Procter & Gamble Company (NYSE:PG)

Ferguson Shapiro LLC bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,370 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently made changes to their positions in the business. Gallacher Capital Management LLC bought a new stake in Procter & Gamble in the third quarter worth about $268,000. AlphaCore Capital LLC boosted its holdings in Procter & Gamble by 10.7% during the 3rd quarter. AlphaCore Capital LLC now owns 4,120 shares of the company’s stock valued at $601,000 after acquiring an additional 399 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Procter & Gamble by 5.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 50,240 shares of the company’s stock valued at $7,328,000 after acquiring an additional 2,818 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of Procter & Gamble by 5.5% during the third quarter. Personal CFO Solutions LLC now owns 8,688 shares of the company’s stock worth $1,267,000 after purchasing an additional 451 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Procter & Gamble by 12.9% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 199,784 shares of the company’s stock valued at $29,140,000 after purchasing an additional 22,800 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PG shares. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Argus upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Barclays increased their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Performance

Shares of PG opened at $168.26 on Friday. The stock has a 50-day moving average of $164.59 and a two-hundred day moving average of $158.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market cap of $397.12 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating 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 firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm 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. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s payout ratio is currently 65.85%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on 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 of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s 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 transaction, 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. In the last three months, insiders have sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.