Flavin Financial Services Inc. Acquires 374 Shares of Procter & Gamble Company (The) (NYSE:PG)

Flavin Financial Services Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,418 shares of the company’s stock after purchasing an additional 374 shares during the period. Procter & Gamble accounts for about 1.9% of Flavin Financial Services Inc.’s portfolio, making the stock its 20th biggest position. Flavin Financial Services Inc.’s holdings in Procter & Gamble were worth $2,116,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PG. Vanguard Group Inc. increased its stake in Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $5,244,463,000. Northern Trust Corp increased its position in Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock worth $3,386,194,000 after buying an additional 1,209,275 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $159.03 on Thursday. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company’s 50-day moving average is $162.88 and its 200 day moving average is $165.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company has a market capitalization of $372.85 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 4.73 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 67.14%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PG shares. Piper Sandler raised their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $178.45.

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.