The Procter & Gamble Company (NYSE:PG) Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,112 shares of the company's stock after selling 3,450 shares during the period. Procter & Gamble accounts for approximately 1.8% of Bowen Hanes & Co. Inc.'s portfolio, making the stock its 24th biggest holding. Bowen Hanes & Co. Inc.'s holdings in Procter & Gamble were worth $65,905,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PG. NewSquare Capital LLC raised its position in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at about $33,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Noble Wealth Management PBC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $39,000. Finally, Bay Harbor Wealth Management LLC lifted its stake in shares of Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after purchasing an additional 243 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock opened at $168.35 on Thursday. The company has a market capitalization of $394.75 billion, a PE ratio of 26.81, a P/E/G ratio of 3.76 and a beta of 0.41. 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 stock's 50 day moving average is $167.16 and its two-hundred day moving average is $169.83. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

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Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly 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. The business had revenue of $21.88 billion for 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 company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid 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 yield of 2.39%. Procter & Gamble's payout ratio is 64.01%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.47.

Insider Buying and Selling

In other 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 transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business's 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 owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 over the last quarter. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

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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