The Procter & Gamble Company (NYSE:PG) Stake Raised by TCW Group Inc.

TCW Group Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 97.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,910 shares of the company's stock after purchasing an additional 38,048 shares during the period. TCW Group Inc.'s holdings in Procter & Gamble were worth $13,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at about $33,000. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at $34,000. Finally, Quest Partners LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $36,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,080 shares of company stock valued at $14,629,038. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PG. DA Davidson raised Procter & Gamble from a "neutral" rating to a "buy" rating and increased their target price for the stock from $160.00 to $209.00 in a research note on Monday, November 25th. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 target price for the company. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.45.

Procter & Gamble Trading Up 0.1 %

NYSE PG traded up $0.23 during mid-day trading on Thursday, hitting $170.86. The company's stock had a trading volume of 4,071,384 shares, compared to its average volume of 6,698,615. The stock's fifty day simple moving average is $170.68 and its two-hundred day simple moving average is $169.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The firm has a market capitalization of $402.38 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. During the same period in the prior year, the company posted $1.83 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble's dividend payout ratio is currently 69.31%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.