Phoenix Financial Ltd. Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Phoenix Financial Ltd. reduced its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,410 shares of the company's stock after selling 6,214 shares during the period. Phoenix Financial Ltd.'s holdings in Procter & Gamble were worth $5,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC lifted its stake in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares during the period. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Atlantic Private Wealth LLC increased its position in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after buying an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in Procter & Gamble in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company'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 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. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company's stock.

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Procter & Gamble Stock Up 1.4 %

Shares of NYSE:PG traded up $2.30 during trading on Monday, hitting $169.21. The company's stock had a trading volume of 3,851,446 shares, compared to its average volume of 7,027,883. The company has a market capitalization of $396.77 billion, a PE ratio of 26.94, a P/E/G ratio of 3.76 and a beta of 0.43. 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 Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The business has a 50 day moving average price of $168.35 and a two-hundred day moving average price of $168.59.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly 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 company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the company earned $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 67.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PG shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Truist Financial increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday. Finally, Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Company 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.