CIBC Private Wealth Group LLC Sells 22,186 Shares of The Procter & Gamble Company (NYSE:PG)

CIBC Private Wealth Group LLC decreased its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 497,496 shares of the company's stock after selling 22,186 shares during the period. CIBC Private Wealth Group LLC's holdings in Procter & Gamble were worth $80,644,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management increased its position in shares of Procter & Gamble by 12.7% during the 4th quarter. Joseph Group Capital Management now owns 26,101 shares of the company's stock valued at $4,376,000 after purchasing an additional 2,947 shares during the last quarter. Life Planning Partners Inc bought a new position in Procter & Gamble during the fourth quarter valued at approximately $15,964,000. RWA Wealth Partners LLC raised its stake in shares of Procter & Gamble by 6.4% during the fourth quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company's stock worth $45,587,000 after acquiring an additional 16,384 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Procter & Gamble by 3.1% in the 4th quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company's stock worth $792,135,000 after acquiring an additional 142,574 shares during the last quarter. Finally, American Money Management LLC grew its holdings in shares of Procter & Gamble by 14.1% during the 4th quarter. American Money Management LLC now owns 1,639 shares of the company's stock valued at $275,000 after purchasing an additional 203 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

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Analyst Ratings Changes

PG has been the subject of several analyst reports. Stifel Nicolaus upped their price target 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. Wells Fargo & Company increased their target price 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 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Finally, Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Seven equities research 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. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $182.00.

Insider Transactions at Procter & Gamble

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

Procter & Gamble Stock Up 1.9 %

PG stock traded up $3.20 during midday trading on Thursday, hitting $172.70. The stock had a trading volume of 4,013,923 shares, compared to its average volume of 6,899,626. The business has a 50-day moving average of $169.07 and a two-hundred day moving average of $169.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $404.96 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

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, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the firm earned $1.84 EPS. The company's revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. Procter & Gamble's payout ratio is 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.