The Procter & Gamble Company (NYSE:PG) Shares Sold by Stone House Investment Management LLC

Stone House Investment Management LLC lessened its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 33.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,723 shares of the company's stock after selling 74,783 shares during the period. Procter & Gamble makes up 6.4% of Stone House Investment Management LLC's holdings, making the stock its 5th largest position. Stone House Investment Management LLC's holdings in Procter & Gamble were worth $25,269,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Procter & Gamble by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the period. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock valued at $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Norges Bank acquired a new position in Procter & Gamble during the fourth quarter valued at $5,244,463,000. Franklin Resources Inc. lifted its stake in Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Procter & Gamble by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after acquiring an additional 312,203 shares during the period. Institutional investors own 65.77% of the company's stock.

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Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PG shares. Truist Financial upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Seven equities research 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 company's stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $181.50.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $0.58 on Tuesday, hitting $168.56. 8,763,415 shares of the company were exchanged, compared to its average volume of 7,063,102. The company's 50 day moving average price is $168.35 and its two-hundred day moving average price is $168.56. The firm has a market capitalization of $395.24 billion, a price-to-earnings ratio of 26.84, a PEG 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 one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating 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 firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.51%. 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 payout ratio is 67.20%.

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.