Banco Bilbao Vizcaya Argentaria S.A. Has $23.37 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,445 shares of the company's stock after selling 72,195 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Procter & Gamble were worth $23,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Norges Bank bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $5,244,463,000. Raymond James Financial Inc. acquired a new position in Procter & Gamble during the 4th quarter worth $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after buying an additional 2,973,757 shares in the last quarter. Capital Research Global Investors boosted its position in Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after buying an additional 2,846,560 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Procter & Gamble by 1,709.5% in the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after buying an additional 1,895,421 shares during the period. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Tuesday. Truist Financial boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

PG opened at $165.66 on Thursday. The company has a market capitalization of $388.46 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.76 and a beta of 0.43. The business's 50-day moving average price is $168.31 and its two-hundred day moving average price is $168.43. The Procter & Gamble Company has a 1 year low of $156.69 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the firm earned $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.55%. Procter & Gamble's dividend payout ratio is presently 67.20%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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