Global Trust Asset Management LLC Grows Holdings in The Procter & Gamble Company (NYSE:PG)

Global Trust Asset Management LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,541 shares of the company’s stock after purchasing an additional 465 shares during the quarter. Procter & Gamble accounts for about 0.9% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Global Trust Asset Management LLC’s holdings in Procter & Gamble were worth $2,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advantage Trust Co purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’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 sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 in the last 90 days. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $168.52 on Tuesday. The firm has a 50 day moving average of $164.85 and a 200 day moving average of $158.32. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $397.73 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PG. Jefferies Financial Group raised their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday. They issued an “outperform” rating and a $187.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.72.

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.