Generation Capital Management LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,127 shares of the company's stock, valued at approximately $692,000.
Several other institutional investors have also made changes to their positions in PG. Vanguard Group Inc. increased its stake in Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after acquiring an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter worth $5,244,463,000. Franklin Resources Inc. boosted its stake in Procter & Gamble by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after buying an additional 1,209,275 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Procter & Gamble by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock valued at $3,133,850,000 after acquiring an additional 312,203 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Performance
Shares of NYSE:PG traded up $2.25 during trading on Tuesday, hitting $168.00. The company's stock had a trading volume of 2,975,772 shares, compared to its average volume of 7,026,255. 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 $393.93 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a 50-day moving average of $168.32 and a 200-day moving average of $168.45. The Procter & Gamble Company has a 12 month low of $156.69 and a 12 month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The business 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 business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.52%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 67.20%.
Insider Activity
In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on PG shares. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. 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. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.
Check Out Our Latest Stock Report on PG
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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