Lazard Freres Gestion S.A.S. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,209 shares of the company's stock after purchasing an additional 34,645 shares during the quarter. Lazard Freres Gestion S.A.S.'s holdings in Procter & Gamble were worth $50,330,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC grew its stake in shares of Procter & Gamble by 0.5% in the 4th quarter. HBK Sorce Advisory LLC now owns 67,966 shares of the company's stock worth $11,395,000 after acquiring an additional 333 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth $34,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Procter & Gamble by 2.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 540,920 shares of the company's stock worth $90,382,000 after acquiring an additional 12,416 shares in the last quarter. Achmea Investment Management B.V. grew its stake in shares of Procter & Gamble by 2.0% in the 4th quarter. Achmea Investment Management B.V. now owns 272,943 shares of the company's stock worth $45,759,000 after acquiring an additional 5,462 shares in the last quarter. Finally, Tredje AP fonden grew its stake in shares of Procter & Gamble by 6.9% in the 4th quarter. Tredje AP fonden now owns 713,004 shares of the company's stock worth $119,535,000 after acquiring an additional 45,931 shares in the last quarter. Institutional investors own 65.77% of the company's stock.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, 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. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last three months. 0.18% of the stock is owned by corporate insiders.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock traded up $0.13 on Thursday, reaching $168.50. The stock had a trading volume of 6,608,683 shares, compared to its average volume of 6,430,195. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a market cap of $395.10 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 business's 50 day moving average is $167.21 and its two-hundred day moving average is $169.82.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.
Wall Street Analysts Forecast Growth
PG has been the subject of several research reports. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $181.47.
View Our Latest Report on PG
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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