Banque Cantonale Vaudoise reduced its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,500 shares of the company's stock after selling 12,529 shares during the period. Banque Cantonale Vaudoise's holdings in Procter & Gamble were worth $12,557,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its stake in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company's stock valued at $5,192,000 after purchasing an additional 1,657 shares during the last quarter. Quent Capital LLC grew its stake in shares of Procter & Gamble by 2.0% in the first quarter. Quent Capital LLC now owns 10,684 shares of the company's stock worth $1,733,000 after purchasing an additional 206 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Procter & Gamble by 0.3% in the first quarter. Bessemer Group Inc. now owns 784,525 shares of the company's stock worth $127,289,000 after buying an additional 2,655 shares during the period. Evermay Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 9.0% during the first quarter. Evermay Wealth Management LLC now owns 6,987 shares of the company's stock valued at $1,134,000 after purchasing an additional 574 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $1,552,000. 65.77% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. This trade represents a 87.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,727 shares of company stock worth $46,014,037 over the last three months. 0.18% of the stock is currently owned by corporate insiders.
Procter & Gamble Stock Performance
Procter & Gamble stock traded up $0.01 during trading hours on Tuesday, reaching $170.76. 5,682,387 shares of the company were exchanged, compared to its average volume of 6,672,438. The firm has a market cap of $402.15 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.67 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $170.21 and a 200 day moving average of $168.45. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. During the same period in the prior year, the business earned $1.83 earnings per share. Procter & Gamble's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble's dividend payout ratio is currently 69.48%.
Analysts Set New Price Targets
PG has been the subject of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price target on the stock. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Jefferies Financial Group downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating and cut their price target for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.00.
View Our Latest Analysis on Procter & Gamble
Procter & Gamble Profile
(
Free Report)
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.
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