Arbor Investment Advisors LLC Has $348,000 Stake in The Procter & Gamble Company (NYSE:PG)

Arbor Investment Advisors LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 42.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,375 shares of the company’s stock after buying an additional 707 shares during the quarter. Arbor Investment Advisors LLC’s holdings in Procter & Gamble were worth $348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $29,000. Mendota Financial Group LLC raised its position in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter worth about $50,000. CGC Financial Services LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth about $55,000. Finally, VitalStone Financial LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at about $60,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.3 %

Shares of Procter & Gamble stock traded down $0.39 during trading on Friday, reaching $155.45. 925,475 shares of the stock were exchanged, compared to its average volume of 6,794,954. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $159.38 and its 200 day moving average is $152.54. The firm has a market cap of $365.78 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a boost 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 dividend yield of 2.59%. Procter & Gamble’s payout ratio is 62.98%.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Truist Financial upgraded 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 note on Monday, March 11th. Barclays boosted their target price on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $168.35.

Procter & Gamble 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.