Cerity Partners LLC raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,439,118 shares of the company's stock after purchasing an additional 82,898 shares during the quarter. Procter & Gamble makes up approximately 2.3% of Cerity Partners LLC's holdings, making the stock its 7th biggest position. Cerity Partners LLC owned about 0.27% of Procter & Gamble worth $1,080,356,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares during the last quarter. Principal Financial Group Inc. raised 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 buying an additional 608,168 shares in the last quarter. United Bank lifted its position in shares of Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company's stock worth $2,315,000 after buying an additional 219 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter worth about $201,000. Finally, Dunhill Financial LLC increased its holdings in shares of Procter & Gamble by 45.1% during the 3rd quarter. Dunhill Financial LLC now owns 827 shares of the company's stock valued at $143,000 after acquiring an additional 257 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble Stock Performance
NYSE:PG opened at $163.73 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $169.17 and a 200 day moving average price of $169.12. The firm has a market capitalization of $383.92 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 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 business 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. Procter & Gamble's revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The company 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. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.
Wall Street Analyst Weigh In
PG has been the subject of several analyst reports. DA Davidson restated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.
Get Our Latest Stock Analysis on Procter & Gamble
Insider Activity at Procter & Gamble
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. Insiders own 0.18% of the company's stock.
Procter & Gamble Company Profile
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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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