Goldstream Capital Management Ltd Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Goldstream Capital Management Ltd trimmed its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 59.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,026 shares of the company's stock after selling 2,982 shares during the quarter. Procter & Gamble accounts for about 0.1% of Goldstream Capital Management Ltd's holdings, making the stock its 29th biggest holding. Goldstream Capital Management Ltd's holdings in Procter & Gamble were worth $340,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PG. Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $5,244,463,000. Raymond James Financial Inc. purchased a new position in Procter & Gamble during the 4th quarter valued at about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Capital Research Global Investors lifted its holdings in Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after buying an additional 2,846,560 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Procter & Gamble by 1,709.5% in the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock worth $324,825,000 after buying an additional 1,895,421 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on PG shares. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.00.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 1.1 %

Procter & Gamble stock traded up $1.72 during trading hours on Friday, hitting $161.25. The stock had a trading volume of 8,689,883 shares, compared to its average volume of 7,102,901. The stock has a market capitalization of $378.12 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. 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 stock's 50-day moving average price is $168.24 and its 200-day moving average price is $168.38. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03). The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same period in the previous year, the business posted $1.52 EPS. 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. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is presently 67.20%.

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.