Potomac Fund Management Inc. ADV Invests $1.62 Million in The Procter & Gamble Company (NYSE:PG)

Potomac Fund Management Inc. ADV bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,639 shares of the company’s stock, valued at approximately $1,616,000. Procter & Gamble accounts for about 1.4% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently added to or reduced their stakes in PG. Berkshire Asset Management LLC PA lifted its holdings in shares of Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares during the period. Strategic Advisors LLC lifted its stake in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after acquiring an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new position in Procter & Gamble during the 3rd quarter worth about $668,000. Fortem Financial Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $569,000. Finally, Richard C. Young & CO. LTD. lifted its position in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after purchasing an additional 2,568 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PG shares. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler lowered their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.82.

Procter & Gamble Trading Up 1.5 %

Procter & Gamble stock opened at $170.49 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $399.78 billion, a PE ratio of 27.15, a P/E/G ratio of 3.76 and a beta of 0.41. The stock’s 50 day simple moving average is $168.79 and its two-hundred day simple moving average is $169.29. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last released 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. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. Analysts anticipate 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. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s payout ratio is 64.01%.

Insider Buying and Selling at Procter & Gamble

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

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.