Clare Market Investments LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,137 shares of the company's stock, valued at approximately $358,000.
A number of other institutional investors and hedge funds also recently modified their holdings of PG. Swedbank AB lifted its position in shares of Procter & Gamble by 3.9% in the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock valued at $260,432,000 after acquiring an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC lifted its position in Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after buying an additional 82 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after buying an additional 608,168 shares in the last quarter. United Bank raised its holdings in Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after buying an additional 219 shares in the last quarter. Finally, Baker Avenue Asset Management LP raised its stake in shares of Procter & Gamble by 70.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 11,064 shares of the company's stock valued at $1,916,000 after acquiring an additional 4,568 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.
Insider Buying and Selling at Procter & Gamble
In other news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the company'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 transaction, the chief executive officer now directly 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. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 over the last ninety days. Insiders own 0.18% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Piper Sandler dropped their price target 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. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Finally, Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $181.11.
View Our Latest Research Report on Procter & Gamble
Procter & Gamble Stock Down 1.8 %
PG stock traded down $3.19 during midday trading on Tuesday, hitting $173.07. The company's stock had a trading volume of 11,030,875 shares, compared to its average volume of 6,404,080. 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 Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company's fifty day moving average price is $167.14 and its 200 day moving average price is $169.84. The stock has a market capitalization of $405.83 billion, a P/E ratio of 27.56, a PEG ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current 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 issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, January 24th. Procter & Gamble's payout ratio is presently 64.01%.
About Procter & Gamble
(
Free Report)
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.
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