Reynders McVeigh Capital Management LLC Sells 2,120 Shares of The Procter & Gamble Company (NYSE:PG)

Reynders McVeigh Capital Management LLC lessened its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,519 shares of the company's stock after selling 2,120 shares during the quarter. Reynders McVeigh Capital Management LLC's holdings in Procter & Gamble were worth $25,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its position 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 purchasing 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 worth $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Atlantic Private Wealth LLC raised 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 during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $38,000. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Truist Financial upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Seven 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $181.50.

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Procter & Gamble Price Performance

PG stock traded down $2.15 during midday trading on Wednesday, reaching $166.32. The company had a trading volume of 5,897,472 shares, compared to its average volume of 7,058,093. 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 capitalization of $390.00 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The stock has a 50 day moving average price of $168.34 and a 200-day moving average price of $168.56. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping 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 business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the company earned $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.54%. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

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.