Oarsman Capital Inc. Has $1.23 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Oarsman Capital Inc. boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 41.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,316 shares of the company's stock after purchasing an additional 2,126 shares during the period. Oarsman Capital Inc.'s holdings in Procter & Gamble were worth $1,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. NewSquare Capital LLC lifted its position in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares in the last quarter. Hoey Investments Inc. increased its holdings in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Atlantic Private Wealth LLC lifted its holdings in Procter & Gamble by 95.3% during 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 in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in Procter & Gamble in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated 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 sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In 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.

Remove Ads

Procter & Gamble Stock Down 5.0 %

PG stock traded down $8.66 during trading hours on Friday, reaching $163.73. 13,446,957 shares of the stock were exchanged, compared to its average volume of 6,942,870. The firm's 50-day moving average is $169.17 and its 200-day moving average is $169.12. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market cap of $383.92 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the firm earned $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's payout ratio is 64.01%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Truist Financial boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Piper Sandler dropped their target price 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 analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

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.