Northern Financial Advisors Inc Has $1.66 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Northern Financial Advisors Inc increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 12.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,330 shares of the company’s stock after purchasing an additional 1,219 shares during the period. Procter & Gamble comprises about 1.4% of Northern Financial Advisors Inc’s portfolio, making the stock its 16th largest holding. Northern Financial Advisors Inc’s holdings in Procter & Gamble were worth $1,660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Cerity Partners LLC boosted its stake in Procter & Gamble by 106.2% during the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after purchasing an additional 3,159,796 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Procter & Gamble by 13,850.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock worth $402,601,000 after buying an additional 2,727,685 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock valued at $473,475,000 after acquiring an additional 2,268,805 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $246,412,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Argus lifted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Raymond James lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.16 during mid-day trading on Wednesday, hitting $165.60. The company had a trading volume of 1,567,337 shares, compared to its average volume of 6,835,774. The stock’s 50-day moving average price is $160.23 and its 200-day moving average price is $154.49. The company has a market capitalization of $390.84 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 3.34 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $166.37.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,724 shares of company stock worth $19,312,729. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.