Mariner LLC Has $453.39 Million Position in The Procter & Gamble Company (NYSE:PG)

Mariner LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,704,481 shares of the company's stock after buying an additional 71,821 shares during the quarter. Procter & Gamble makes up 0.8% of Mariner LLC's investment portfolio, making the stock its 23rd largest position. Mariner LLC owned about 0.12% of Procter & Gamble worth $453,394,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC lifted its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after acquiring an additional 608,168 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in Procter & Gamble during the 3rd quarter worth $201,000. Invst LLC boosted its position in shares of Procter & Gamble by 0.7% in the third quarter. Invst LLC now owns 15,889 shares of the company's stock worth $2,752,000 after buying an additional 103 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Procter & Gamble during the third quarter worth $1,632,000. Institutional investors and hedge funds own 65.77% of the company's stock.

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Procter & Gamble Price Performance

PG stock traded down $2.15 during trading on Wednesday, hitting $166.32. The company had a trading volume of 5,897,459 shares, compared to its average volume of 7,054,304. The firm has a market capitalization of $390.00 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $168.34 and a 200 day moving average of $168.56. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 yield of 2.54%. 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 (DPR) is presently 67.20%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated 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 sale, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PG. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler dropped their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Truist Financial increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Company 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.