Nomura Asset Management Co. Ltd. Buys 53,768 Shares of The Procter & Gamble Company (NYSE:PG)

Nomura Asset Management Co. Ltd. lifted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,115,797 shares of the company's stock after acquiring an additional 53,768 shares during the period. Procter & Gamble accounts for about 0.6% of Nomura Asset Management Co. Ltd.'s investment portfolio, making the stock its 28th largest holding. Nomura Asset Management Co. Ltd.'s holdings in Procter & Gamble were worth $187,063,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the third quarter worth $33,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $34,000. Atlantic Private Wealth LLC raised its position in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after buying an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in Procter & Gamble during the 4th quarter valued at about $39,000. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PG. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. DA Davidson reissued a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday. Finally, 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 report on Monday, February 24th. 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 company. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $181.82.

Remove Ads

Procter & Gamble Price Performance

Shares of PG traded up $1.81 during mid-day trading on Monday, hitting $169.84. 2,734,211 shares of the stock were exchanged, compared to its average volume of 7,656,188. The firm has a 50-day moving average of $168.60 and a two-hundred day moving average of $169.31. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-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 company has a market cap of $398.25 billion, a PE ratio of 27.04, 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 data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. 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 earned $1.84 earnings per share. Procter & Gamble's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm's 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 owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. Insiders own 0.18% of the company's stock.

About Procter & Gamble

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.