Schroder Investment Management Group grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,724,935 shares of the company's stock after acquiring an additional 142,574 shares during the quarter. Procter & Gamble comprises about 0.8% of Schroder Investment Management Group's investment portfolio, making the stock its 23rd biggest holding. Schroder Investment Management Group owned 0.20% of Procter & Gamble worth $792,135,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in PG. Howard Capital Management Group LLC grew its position in shares of Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. grew its holdings in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after purchasing an additional 608,168 shares during the period. United Bank raised its stake in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company's stock worth $2,315,000 after acquiring an additional 219 shares during the period. Algert Global LLC bought a new position in Procter & Gamble in the 3rd quarter worth $824,000. Finally, Cynosure Group LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at approximately $328,000. 65.77% of the stock is currently owned by institutional investors.
Insider Transactions at Procter & Gamble
In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm'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 directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $181.82.
View Our Latest Research Report on PG
Procter & Gamble Price Performance
Shares of NYSE:PG traded up $2.46 during midday trading on Monday, hitting $170.49. The company had a trading volume of 11,520,034 shares, compared to its average volume of 6,907,767. The business's 50-day simple moving average is $168.60 and its 200-day simple moving average is $169.31. The stock has a market cap of $399.78 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The company's revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) 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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