Carbahal Olsen Financial Services Group LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Carbahal Olsen Financial Services Group LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,130 shares of the company’s stock, valued at approximately $357,000. Procter & Gamble accounts for 0.3% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. NewSquare Capital LLC increased its position in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC grew its holdings in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after acquiring an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in Procter & Gamble during the fourth quarter worth $38,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PG. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.50.

Procter & Gamble Stock Up 2.5 %

Shares of Procter & Gamble stock opened at $170.59 on Friday. The stock has a market capitalization of $400.01 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company’s 50 day moving average price is $168.39 and its 200-day moving average price is $168.51. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.48%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is 67.20%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.