Citizens Financial Group Inc. RI Purchases 119,406 Shares of The Procter & Gamble Company (NYSE:PG)

Citizens Financial Group Inc. RI increased its position in The Procter & Gamble Company (NYSE:PG) by 33.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 473,542 shares of the company’s stock after acquiring an additional 119,406 shares during the period. Procter & Gamble comprises about 2.4% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 11th biggest holding. Citizens Financial Group Inc. RI’s holdings in Procter & Gamble were worth $69,393,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Founders Financial Securities LLC grew its stake in shares of Procter & Gamble by 8.6% during the 3rd quarter. Founders Financial Securities LLC now owns 23,552 shares of the company’s stock valued at $3,435,000 after purchasing an additional 1,860 shares during the period. Mach 1 Financial Group LLC grew its stake in shares of Procter & Gamble by 583.6% during the 3rd quarter. Mach 1 Financial Group LLC now owns 14,061 shares of the company’s stock valued at $2,051,000 after purchasing an additional 12,004 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Procter & Gamble by 3.9% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,676 shares of the company’s stock valued at $390,000 after acquiring an additional 101 shares during the period. Xcel Wealth Management LLC grew its stake in shares of Procter & Gamble by 20.0% during the 3rd quarter. Xcel Wealth Management LLC now owns 5,689 shares of the company’s stock valued at $830,000 after acquiring an additional 950 shares during the period. Finally, Atwater Malick LLC grew its stake in shares of Procter & Gamble by 0.9% during the 3rd quarter. Atwater Malick LLC now owns 58,765 shares of the company’s stock valued at $8,571,000 after acquiring an additional 542 shares during the period. Hedge funds and other 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 stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold 100,865 shares of company stock valued at $16,029,280 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PG shares. Barclays boosted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. UBS Group boosted their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group started coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Down 0.8 %

Shares of PG opened at $161.29 on Friday. The stock has a market capitalization of $380.67 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32. The business’s 50 day simple moving average is $159.64 and its 200-day simple moving average is $153.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 EPS. As a group, equities 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. Stockholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

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.