New Century Financial Group LLC Buys 90 Shares of The Procter & Gamble Company (NYSE:PG)

New Century Financial Group LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,526 shares of the company’s stock after buying an additional 90 shares during the quarter. New Century Financial Group LLC’s holdings in Procter & Gamble were worth $248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Demars Financial Group LLC boosted its position in shares of Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after acquiring an additional 63 shares during the last quarter. Emerald Advisors LLC boosted its holdings in Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares during the last quarter. O Brien Wealth Partners LLC grew its position in Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares during the period. Mechanics Financial Corp increased its stake in Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after acquiring an additional 65 shares during the last quarter. Finally, LWM Advisory Services LLC raised its holdings in shares of Procter & Gamble by 2.1% in the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after purchasing an additional 66 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Jefferies Financial Group upped their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Barclays raised their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Insider Activity

In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were 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 in the company, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $163.83 on Friday. The stock has a market capitalization of $386.66 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The business’s fifty day moving average price is $165.74 and its 200 day moving average price is $159.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

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. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is presently 65.85%.

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.