Natixis Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Natixis decreased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 344,796 shares of the company's stock after selling 64,428 shares during the quarter. Natixis' holdings in Procter & Gamble were worth $57,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PG. Berkshire Asset Management LLC PA raised its holdings in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after purchasing an additional 2,179 shares during the period. Strategic Advisors LLC raised its position in shares of Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock worth $9,374,000 after purchasing an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new position in shares of Procter & Gamble in the 3rd quarter worth $668,000. Fortem Financial Group LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $569,000. Finally, Richard C. Young & CO. LTD. increased its stake in Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after purchasing an additional 2,568 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company'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 transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble 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 sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $4.19 during trading on Wednesday, hitting $163.69. 4,293,725 shares of the company were exchanged, compared to its average volume of 7,027,301. The company has a market cap of $383.83 billion, a PE ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52-week low of $156.69 and a 52-week 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 50 day moving average of $168.25 and a 200 day moving average of $168.45.

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

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. DA Davidson reiterated a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Truist Financial lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

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.