Brown Brothers Harriman & Co. Buys 21,582 Shares of The Procter & Gamble Company (NYSE:PG)

Brown Brothers Harriman & Co. grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 383,272 shares of the company's stock after buying an additional 21,582 shares during the period. Brown Brothers Harriman & Co.'s holdings in Procter & Gamble were worth $64,256,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the fourth quarter valued at about $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 purchasing an additional 101 shares in the last quarter. Noble Wealth Management PBC bought a new position in Procter & Gamble during the fourth quarter worth about $39,000. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock valued at $45,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the subject of several analyst reports. Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.82.

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Procter & Gamble Trading Up 1.6 %

Shares of NYSE:PG traded up $2.68 during mid-day trading on Monday, reaching $170.71. The stock had a trading volume of 5,350,768 shares, compared to its average volume of 7,697,875. The firm has a market cap of $400.28 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The firm has a 50 day simple moving average of $168.60 and a two-hundred day simple moving average of $169.31. 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 twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 firm also recently announced 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 yield of 2.36%. Procter & Gamble's payout ratio is 64.01%.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the 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 directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value 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. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.

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.