Tidal Investments LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 113,482 shares of the company's stock after selling 5,643 shares during the period. Tidal Investments LLC's holdings in Procter & Gamble were worth $19,655,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after buying an additional 3,619,466 shares in the last quarter. FMR LLC raised its stake in shares of Procter & Gamble by 2.7% during the third quarter. FMR LLC now owns 26,556,319 shares of the company's stock worth $4,599,554,000 after acquiring an additional 689,282 shares in the last quarter. Legal & General Group Plc raised its position in Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the period. Fisher Asset Management LLC boosted its position in Procter & Gamble by 4.7% during the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company's stock valued at $3,183,522,000 after buying an additional 830,476 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company's stock valued at $2,844,442,000 after buying an additional 105,734 shares during the last quarter. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Stock Up 0.1 %
Shares of PG stock traded up $0.23 during mid-day trading on Thursday, hitting $170.86. The stock had a trading volume of 4,071,384 shares, compared to its average volume of 6,698,615. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm's 50-day moving average is $170.68 and its two-hundred day moving average is $169.50. The firm has a market capitalization of $402.38 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble's dividend payout ratio (DPR) is presently 69.31%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the sale, the chief executive officer now directly owns 269,172 shares of the company's stock, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,080 shares of company stock valued at $14,629,038 in the last ninety days. Corporate insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
PG has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Barclays lowered Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price target on the stock. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Finally, DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $180.45.
View Our Latest Stock Analysis on PG
About Procter & Gamble
(
Free Report)
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.
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