Massachusetts Financial Services Co. MA Purchases 40,080 Shares of The Procter & Gamble Company (NYSE:PG)

Massachusetts Financial Services Co. MA increased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,026 shares of the company's stock after purchasing an additional 40,080 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Procter & Gamble were worth $190,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lakeridge Wealth Management LLC lifted its stake in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after buying an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC raised its holdings in shares of Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after acquiring an additional 62 shares during the period. Tevis Investment Management lifted its position in shares of Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after acquiring an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake in Procter & Gamble by 3.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after purchasing an additional 66 shares during the period. Finally, Alhambra Investment Management LLC raised its stake in Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock valued at $970,000 after purchasing an additional 66 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

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Procter & Gamble Stock Down 5.0 %

Shares of NYSE PG traded down $8.66 during mid-day trading on Friday, reaching $163.73. 13,446,957 shares of the company traded hands, compared to its average volume of 6,935,619. The company's fifty day moving average is $169.17 and its two-hundred day moving average is $169.20. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. 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 stock has a market cap of $383.92 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % 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 valued at $23,988,008. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus upped 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. Truist Financial raised their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company upped 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. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.00.

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.