Hemenway Trust Co LLC Lowers Position in The Procter & Gamble Company (NYSE:PG)

Hemenway Trust Co LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,955 shares of the company's stock after selling 2,766 shares during the period. Procter & Gamble accounts for about 2.9% of Hemenway Trust Co LLC's portfolio, making the stock its 15th biggest position. Hemenway Trust Co LLC's holdings in Procter & Gamble were worth $35,199,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PG. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hoey Investments Inc. increased its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $34,000. Atlantic Private Wealth LLC lifted its holdings in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in Procter & Gamble in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Remove Ads

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of the firm'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 transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

NYSE PG traded down $8.66 on Friday, hitting $163.73. 13,446,957 shares of the stock traded hands, compared to its average volume of 6,942,870. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business's fifty day moving average is $169.17 and its two-hundred day moving average is $169.12. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.43.

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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the company earned $1.84 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Piper Sandler cut their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble 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 three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

About Procter & Gamble

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.