Capital International Investors Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Capital International Investors grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,116,173 shares of the company's stock after buying an additional 10,023 shares during the period. Capital International Investors owned 0.26% of Procter & Gamble worth $1,025,376,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PG. Berkshire Asset Management LLC PA boosted its position in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after acquiring an additional 2,179 shares during the last quarter. Strategic Advisors LLC increased its stake in Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock worth $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Copley Financial Group Inc. bought a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $668,000. Fortem Financial Group LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at $569,000. Finally, Richard C. Young & CO. LTD. increased its holdings in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after buying an additional 2,568 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PG. Piper Sandler cut their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $2.51 during mid-day trading on Tuesday, reaching $168.26. The company's stock had a trading volume of 2,438,179 shares, compared to its average volume of 7,024,424. The stock has a market capitalization of $394.54 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.69 and a 1-year high of $180.43. The stock has a 50-day moving average of $168.32 and a two-hundred day moving average of $168.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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 analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.51%. Procter & Gamble's dividend payout ratio (DPR) is currently 67.20%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble 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 value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,785,274.66. This represents 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. 0.18% of the stock is currently owned by insiders.

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.