Sterling Capital Management LLC Has $5.55 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Sterling Capital Management LLC cut its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,119 shares of the company's stock after selling 1,942 shares during the quarter. Sterling Capital Management LLC's holdings in Procter & Gamble were worth $5,552,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Elios Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 6.8% during the 4th quarter. Elios Financial Group Inc. now owns 2,842 shares of the company's stock valued at $477,000 after purchasing an additional 181 shares in the last quarter. Hobbs Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $221,000. Glass Jacobson Investment Advisors llc increased its position in shares of Procter & Gamble by 9.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 3,084 shares of the company's stock worth $517,000 after acquiring an additional 265 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $6,428,000. Finally, Jaffetilchin Investment Partners LLC lifted its position in Procter & Gamble by 3.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 46,151 shares of the company's stock valued at $7,737,000 after acquiring an additional 1,331 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE PG traded up $2.20 during trading on Monday, reaching $169.11. The company's stock had a trading volume of 9,877,341 shares, compared to its average volume of 7,051,166. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $396.54 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The firm has a 50 day moving average price of $168.35 and a 200 day moving average price of $168.59. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

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Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) 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 company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the firm posted $1.84 EPS. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.50%. Procter & Gamble's dividend payout ratio is presently 67.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PG. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Truist Financial raised 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, April 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.50.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business'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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 of the company's stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by corporate 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.