Moors & Cabot Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,599 shares of the company's stock after purchasing an additional 2,186 shares during the period. Procter & Gamble comprises about 1.2% of Moors & Cabot Inc.'s holdings, making the stock its 11th biggest holding. Moors & Cabot Inc.'s holdings in Procter & Gamble were worth $24,577,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of PG. Swedbank AB lifted its stake in Procter & Gamble by 3.9% in the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock worth $260,432,000 after acquiring an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC increased its position in Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after purchasing an additional 82 shares during the last quarter. Principal Financial Group Inc. increased its position in Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank increased its position in Procter & Gamble by 1.7% in the 3rd quarter. United Bank now owns 13,367 shares of the company's stock worth $2,315,000 after purchasing an additional 219 shares during the last quarter. Finally, Lynx Investment Advisory increased its position in Procter & Gamble by 2.8% in the 3rd quarter. Lynx Investment Advisory now owns 3,045 shares of the company's stock worth $527,000 after purchasing an additional 83 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 of the company's stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's 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 sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. 0.18% of the stock is owned by company insiders.
Analyst Ratings Changes
PG has been the topic of several research reports. Piper Sandler dropped their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.47.
Read Our Latest Stock Analysis on PG
Procter & Gamble Price Performance
Shares of PG stock opened at $173.07 on Wednesday. The stock has a 50 day moving average of $167.14 and a two-hundred day moving average of $169.84. 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 Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market capitalization of $405.83 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the company earned $1.84 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. 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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