The Procter & Gamble Company (NYSE:PG) Shares Sold by Syon Capital LLC

Syon Capital LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,078 shares of the company's stock after selling 3,716 shares during the quarter. Syon Capital LLC's holdings in Procter & Gamble were worth $4,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its holdings in shares of Procter & Gamble by 5.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 22,427 shares of the company's stock valued at $3,747,000 after acquiring an additional 1,195 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Procter & Gamble by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,494 shares of the company's stock valued at $1,257,000 after purchasing an additional 248 shares during the last quarter. MGO One Seven LLC lifted its holdings in Procter & Gamble by 10.9% in the 4th quarter. MGO One Seven LLC now owns 89,555 shares of the company's stock valued at $15,014,000 after purchasing an additional 8,787 shares in the last quarter. Alta Advisers Ltd boosted its stake in Procter & Gamble by 18.8% during the 4th quarter. Alta Advisers Ltd now owns 7,868 shares of the company's stock worth $1,319,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Harvest Investment Services LLC grew its holdings in shares of Procter & Gamble by 23.3% during the fourth quarter. Harvest Investment Services LLC now owns 6,399 shares of the company's stock worth $1,073,000 after buying an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

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

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $167.76 on Wednesday. The business's 50-day simple moving average is $168.25 and its 200 day simple moving average is $168.45. The company has a market cap of $393.37 billion, a P/E ratio of 26.71, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a one year low of $156.69 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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, 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 firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio is 67.20%.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Tuesday. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

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.

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