Sanders Capital LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,353,715 shares of the company's stock after buying an additional 104,168 shares during the period. Procter & Gamble accounts for 1.8% of Sanders Capital LLC's portfolio, making the stock its 16th biggest position. Sanders Capital LLC owned approximately 0.31% of Procter & Gamble worth $1,232,850,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of PG. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Hoey Investments Inc. grew its holdings in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Atlantic Private Wealth LLC raised its position in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after acquiring an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new position in Procter & Gamble in the 4th quarter worth $38,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
PG stock traded down $0.58 during midday trading on Tuesday, reaching $168.56. The stock had a trading volume of 8,763,415 shares, compared to its average volume of 7,058,914. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The firm has a fifty day simple moving average of $168.34 and a two-hundred day simple moving average of $168.56. 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 stock has a market cap of $395.24 billion, a PE ratio of 26.84, a P/E/G ratio of 3.76 and a beta of 0.43.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating 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 business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the business posted $1.84 EPS. The company's revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 67.20%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on PG shares. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday. Piper Sandler reduced their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Stifel Nicolaus boosted their price objective 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. Finally, Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $181.50.
Check Out Our Latest Research Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company's stock.
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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