Notis McConarty Edward lowered its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,557 shares of the company's stock after selling 1,844 shares during the quarter. Procter & Gamble makes up 3.3% of Notis McConarty Edward's portfolio, making the stock its 9th biggest position. Notis McConarty Edward's holdings in Procter & Gamble were worth $6,799,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Orion Investment Co boosted its stake in Procter & Gamble by 1.7% in the fourth quarter. Orion Investment Co now owns 59,355 shares of the company's stock valued at $9,951,000 after acquiring an additional 968 shares in the last quarter. AllGen Financial Advisors Inc. increased its holdings in shares of Procter & Gamble by 1.9% during the fourth quarter. AllGen Financial Advisors Inc. now owns 22,553 shares of the company's stock valued at $3,781,000 after acquiring an additional 427 shares in the last quarter. Broderick Brian C increased its stake in Procter & Gamble by 1.8% during the 4th quarter. Broderick Brian C now owns 102,218 shares of the company's stock valued at $17,137,000 after purchasing an additional 1,808 shares in the last quarter. Wescott Financial Advisory Group LLC raised its holdings in shares of Procter & Gamble by 0.3% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 23,271 shares of the company's stock worth $3,901,000 after buying an additional 80 shares during the last quarter. Finally, Conquis Financial LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $140,000. Hedge funds and other institutional investors own 65.77% of the company's stock.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company's stock, valued at approximately $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 three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PG. Truist Financial raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday. Piper Sandler decreased their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target 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. Finally, DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $182.00.
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Procter & Gamble Price Performance
Shares of Procter & Gamble stock traded down $8.66 on Friday, hitting $163.73. 13,446,957 shares of the company were exchanged, compared to its average volume of 6,942,870. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $169.17 and a 200 day moving average price of $169.15. The stock has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) 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 company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the prior year, the business earned $1.84 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble's 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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