Ethos Financial Group LLC Buys 2,367 Shares of The Procter & Gamble Company (NYSE:PG)

Ethos Financial Group LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 86.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,105 shares of the company’s stock after acquiring an additional 2,367 shares during the period. Ethos Financial Group LLC’s holdings in Procter & Gamble were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. HS Management Partners LLC increased its holdings in shares of Procter & Gamble by 65.7% in the 4th quarter. HS Management Partners LLC now owns 231,545 shares of the company’s stock worth $38,819,000 after buying an additional 91,770 shares during the last quarter. Inceptionr LLC increased its holdings in shares of Procter & Gamble by 401.0% in the 4th quarter. Inceptionr LLC now owns 8,577 shares of the company’s stock worth $1,438,000 after buying an additional 6,865 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $1,010,685,000. Dana Investment Advisors Inc. increased its holdings in shares of Procter & Gamble by 10.0% in the 4th quarter. Dana Investment Advisors Inc. now owns 41,605 shares of the company’s stock worth $6,975,000 after buying an additional 3,784 shares during the last quarter. Finally, Vision Financial Markets LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $253,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $174.83 on Thursday. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $409.95 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The firm has a 50-day moving average of $166.64 and a two-hundred day moving average of $169.69.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.30%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PG shares. Piper Sandler reduced their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.11.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction 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. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

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.