Dark Forest Capital Management LP Has $284,000 Position in The Procter & Gamble Company (NYSE:PG)

Dark Forest Capital Management LP reduced its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,696 shares of the company's stock after selling 5,081 shares during the quarter. Dark Forest Capital Management LP's holdings in Procter & Gamble were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lakeridge Wealth Management LLC grew its position in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after buying an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC grew its position in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after buying an additional 62 shares in the last quarter. Tevis Investment Management grew its position in Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after buying an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA grew its position in Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after buying an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC grew its position in Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after buying an additional 66 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday. DA Davidson restated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday. Finally, Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $180.79.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $161.87 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The firm has a market capitalization of $379.56 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The stock's fifty day simple moving average is $168.07 and its 200-day simple moving average is $168.25.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company's quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.61%. Procter & Gamble's dividend payout ratio is presently 66.98%.

Procter & Gamble 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.