NEOS Investment Management LLC raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,519 shares of the company's stock after acquiring an additional 31,112 shares during the period. NEOS Investment Management LLC's holdings in Procter & Gamble were worth $21,714,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Asset Management LLC PA boosted its holdings in Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Strategic Advisors LLC increased its stake in shares of Procter & Gamble by 3.4% in 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 in the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $668,000. Fortem Financial Group LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $569,000. Finally, Richard C. Young & CO. LTD. raised its holdings in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after acquiring an additional 2,568 shares during the period. 65.77% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Piper Sandler reduced their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $181.82.
Check Out Our Latest Stock Analysis on PG
Insider Buying and Selling
In other news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.
Procter & Gamble Stock Performance
Shares of NYSE PG traded down $0.77 during mid-day trading on Friday, hitting $167.94. The stock had a trading volume of 5,479,125 shares, compared to its average volume of 6,889,318. 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 company has a 50 day moving average of $168.60 and a two-hundred day moving average of $169.35. The firm has a market cap of $393.80 billion, a PE ratio of 26.74, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business posted $1.84 EPS. The company's revenue was up 2.1% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.01%.
About Procter & Gamble
(
Free Report)
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.
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