Sierra Summit Advisors LLC Purchases New Shares in The Procter & Gamble Company (NYSE:PG)

Sierra Summit Advisors LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,039 shares of the company’s stock, valued at approximately $845,000.

A number of other institutional investors also recently bought and sold shares of the business. Lakeridge Wealth Management LLC grew its stake in shares of Procter & Gamble by 0.6% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after purchasing an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC increased its stake in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock valued at $334,000 after buying an additional 62 shares during the period. Tevis Investment Management lifted its stake in shares of Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after acquiring an additional 65 shares during the period. Dakota Community Bank & Trust NA boosted its holdings in shares of Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after acquiring an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC increased its stake in shares of Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after acquiring an additional 66 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Piper Sandler decreased their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. 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 research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Insider Buying and Selling

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

Procter & Gamble Stock Performance

NYSE PG opened at $163.73 on Monday. 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 company has a market capitalization of $383.92 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The business’s 50-day moving average price is $169.17 and its 200 day moving average price is $169.12. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. Procter & Gamble’s payout ratio is 64.01%.

Procter & Gamble 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.