Sanibel Captiva Trust Company Inc. Purchases Shares of 192,979 The Procter & Gamble Company (NYSE:PG)

Sanibel Captiva Trust Company Inc. acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 192,979 shares of the company’s stock, valued at approximately $28,279,000. Procter & Gamble makes up about 1.0% of Sanibel Captiva Trust Company Inc.’s holdings, making the stock its 25th largest position.

Other hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Procter & Gamble by 1.9% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 257,984 shares of the company’s stock valued at $37,630,000 after acquiring an additional 4,903 shares during the period. Kestra Advisory Services LLC raised its stake in Procter & Gamble by 3.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 301,701 shares of the company’s stock valued at $44,006,000 after purchasing an additional 9,753 shares during the period. Garrett Wealth Advisory Group LLC lifted its holdings in Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth approximately $4,774,000. Finally, Rafferty Asset Management LLC grew its holdings in Procter & Gamble by 11.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 175,620 shares of the company’s stock valued at $25,616,000 after buying an additional 18,035 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PG. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Argus increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Stock Performance

NYSE PG traded down $0.34 on Friday, reaching $166.07. 728,864 shares of the company’s stock traded hands, compared to its average volume of 6,475,844. The firm has a market cap of $391.95 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 3.35 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $168.97. The stock has a 50 day moving average price of $163.18 and a 200-day moving average price of $157.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) 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.