GQG Partners LLC Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

GQG Partners LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,329,268 shares of the company's stock after selling 4,300,953 shares during the quarter. Procter & Gamble accounts for 1.3% of GQG Partners LLC's holdings, making the stock its 25th biggest position. GQG Partners LLC owned approximately 0.23% of Procter & Gamble worth $893,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC grew its stake in Procter & Gamble by 1.0% during the third 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 position 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 purchasing an additional 608,168 shares in the last quarter. United Bank lifted its stake in Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company's stock worth $2,315,000 after purchasing an additional 219 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $824,000. Finally, Larson Financial Group LLC increased its stake in shares of Procter & Gamble by 14.8% in the 3rd quarter. Larson Financial Group LLC now owns 15,016 shares of the company's stock valued at $2,601,000 after purchasing an additional 1,934 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction 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 $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 1.7 %

Shares of Procter & Gamble stock traded down $2.75 on Tuesday, hitting $162.90. 8,365,995 shares of the company traded hands, compared to its average volume of 6,474,168. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a market cap of $381.98 billion, a PE ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41. The stock's 50 day moving average price is $168.17 and its 200-day moving average price is $169.49. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.01%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PG. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. DA Davidson restated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $181.47.

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.