Baxter Bros Inc. Cuts Stake in The Procter & Gamble Company (NYSE:PG)

Baxter Bros Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,806 shares of the company's stock after selling 2,577 shares during the period. Procter & Gamble makes up 2.1% of Baxter Bros Inc.'s investment portfolio, making the stock its 15th largest holding. Baxter Bros Inc.'s holdings in Procter & Gamble were worth $15,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. Atlantic Private Wealth LLC raised its position in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after acquiring an additional 101 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler lowered their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective 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. Finally, Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $181.47.

Procter & Gamble Trading Down 1.7 %

Shares of NYSE:PG traded down $2.75 during trading on Tuesday, reaching $162.90. The company's stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The firm's 50 day simple moving average is $168.17 and its two-hundred day simple moving average is $169.49. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a market capitalization of $381.98 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble's dividend payout ratio is presently 64.01%.

About Procter & Gamble

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.