DF Dent & Co. Inc. Has $21.69 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

DF Dent & Co. Inc. lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,398 shares of the company's stock after purchasing an additional 7,054 shares during the period. DF Dent & Co. Inc.'s holdings in Procter & Gamble were worth $21,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PG. Norges Bank acquired a new stake in Procter & Gamble during the 4th quarter worth about $5,244,463,000. Raymond James Financial Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $1,010,685,000. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after purchasing an additional 2,973,757 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction 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 trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last three months. 0.18% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Truist Financial upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $182.00.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $2.67 on Thursday, reaching $172.17. The stock had a trading volume of 9,389,328 shares, compared to its average volume of 6,909,108. 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 business's 50-day moving average price is $169.19 and its two-hundred day moving average price is $169.29. The stock has a market cap of $403.71 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.

Procter & Gamble Company Profile

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.