The Procter & Gamble Company (NYSE:PG) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,177 shares of the company's stock after selling 30,030 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Procter & Gamble were worth $31,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Topsail Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $2,219,000. Keyvantage Wealth LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $434,000. Hancock Whitney Corp lifted its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. Hancock Whitney Corp now owns 111,222 shares of the company's stock worth $18,646,000 after acquiring an additional 2,243 shares during the period. Empire Financial Management Company LLC raised its holdings in Procter & Gamble by 8.9% during the fourth quarter. Empire Financial Management Company LLC now owns 24,424 shares of the company's stock worth $4,095,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Guardian Wealth Management Inc. increased its position in Procter & Gamble by 0.7% during the 4th quarter. Guardian Wealth Management Inc. now owns 15,282 shares of the company's stock worth $2,562,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PG. Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Citigroup dropped their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday. Raymond James dropped their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday. Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a research note on Friday. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $180.79.

Procter & Gamble Trading Up 0.9 %

Shares of Procter & Gamble stock traded up $1.51 during trading hours on Friday, reaching $161.04. The stock had a trading volume of 12,892,765 shares, compared to its average volume of 7,124,247. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a 50 day simple moving average of $168.16 and a two-hundred day simple moving average of $168.32. 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 firm has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share 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 $1.0568 dividend. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.62%. Procter & Gamble's dividend payout ratio is 66.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

Procter & Gamble 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.