Hoertkorn Richard Charles Sells 2,920 Shares of The Procter & Gamble Company (NYSE:PG)

Hoertkorn Richard Charles lessened its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,557 shares of the company's stock after selling 2,920 shares during the period. Procter & Gamble comprises 4.6% of Hoertkorn Richard Charles' investment portfolio, making the stock its 9th largest holding. Hoertkorn Richard Charles' holdings in Procter & Gamble were worth $11,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Alerus Financial NA grew its holdings in shares of Procter & Gamble by 81.4% during the fourth quarter. Alerus Financial NA now owns 42,834 shares of the company's stock valued at $7,181,000 after buying an additional 19,223 shares in the last quarter. Vertex Planning Partners LLC boosted its position in Procter & Gamble by 7.0% during the 4th quarter. Vertex Planning Partners LLC now owns 3,963 shares of the company's stock worth $664,000 after acquiring an additional 259 shares during the period. Slagle Financial LLC grew its stake in Procter & Gamble by 6.1% during the 4th quarter. Slagle Financial LLC now owns 40,972 shares of the company's stock valued at $6,869,000 after acquiring an additional 2,371 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Procter & Gamble by 4.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 155,390 shares of the company's stock valued at $26,051,000 after purchasing an additional 6,934 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of Procter & Gamble by 21.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,741,225 shares of the company's stock worth $291,916,000 after purchasing an additional 307,800 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, DA Davidson reissued a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $181.82.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $1.60 during midday trading on Monday, hitting $169.63. The company had a trading volume of 2,938,337 shares, compared to its average volume of 6,874,161. The business's 50 day simple moving average is $168.60 and its two-hundred day simple moving average is $169.31. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. 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 stock has a market cap of $397.77 billion, a PE ratio of 27.00, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for 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 revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.84 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

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.