Pinnacle Wealth Management Advisory Group LLC Buys 889 Shares of The Procter & Gamble Company (NYSE:PG)

Pinnacle Wealth Management Advisory Group LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,784 shares of the company’s stock after acquiring an additional 889 shares during the period. Procter & Gamble accounts for approximately 1.0% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 26th biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Procter & Gamble were worth $8,175,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $29,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $33,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $33,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $35,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 140,112 shares of company stock valued at $22,841,321 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.74 during trading hours on Thursday, hitting $165.81. The company’s stock had a trading volume of 1,712,538 shares, compared to its average volume of 6,812,509. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $166.37. The business has a 50 day moving average price of $160.23 and a two-hundred day moving average price of $154.49. The company has a market cap of $391.33 billion, a PE ratio of 27.13, a PEG ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is presently 65.69%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. UBS Group lifted their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays boosted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group boosted their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.