Pitcairn Co. Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

Pitcairn Co. lowered its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,324 shares of the company's stock after selling 3,439 shares during the period. Procter & Gamble makes up 1.1% of Pitcairn Co.'s holdings, making the stock its 15th biggest holding. Pitcairn Co.'s holdings in Procter & Gamble were worth $17,993,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PG. DF Dent & Co. Inc. boosted its holdings in shares of Procter & Gamble by 5.8% in the 4th quarter. DF Dent & Co. Inc. now owns 129,398 shares of the company's stock valued at $21,694,000 after purchasing an additional 7,054 shares in the last quarter. Grant Private Wealth Management Inc bought a new stake in shares of Procter & Gamble during the 4th quarter worth $510,000. World Investment Advisors boosted its stake in Procter & Gamble by 25.3% in the fourth quarter. World Investment Advisors now owns 48,027 shares of the company's stock valued at $8,052,000 after buying an additional 9,693 shares in the last quarter. Westpac Banking Corp grew its position in Procter & Gamble by 7.2% in the fourth quarter. Westpac Banking Corp now owns 26,241 shares of the company's stock valued at $4,399,000 after acquiring an additional 1,768 shares during the last quarter. Finally, Nicolet Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 14.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 130,303 shares of the company's stock worth $20,661,000 after acquiring an additional 16,808 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

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Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler dropped their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.

Procter & Gamble Stock Performance

Shares of PG traded up $2.67 during trading hours on Thursday, hitting $172.17. The company's stock had a trading volume of 9,389,328 shares, compared to its average volume of 6,909,108. The business has a 50 day simple moving average of $169.19 and a two-hundred day simple moving average of $169.29. 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 current ratio of 0.76 and a quick ratio of 0.55. The company has a market cap of $403.71 billion, a price-to-earnings ratio of 27.42, a PEG 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.34%. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35 % 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 that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at $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. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.