The Procter & Gamble Company (NYSE:PG) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 92.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,142 shares of the company's stock after selling 40,626 shares during the period. Two Sigma Securities LLC's holdings in Procter & Gamble were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. NewSquare Capital LLC lifted its stake in shares of 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 acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the 4th quarter valued at $34,000. Atlantic Private Wealth LLC grew its position in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after acquiring an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in Procter & Gamble in the 4th quarter valued at $38,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday. Raymond James dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler restated an "underperform" rating on shares of Procter & Gamble in a research note on Friday. Finally, Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.79.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.85 during midday trading on Monday, hitting $161.87. 8,110,063 shares of the company were exchanged, compared to its average volume of 7,128,255. The firm has a market capitalization of $379.56 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The business has a fifty day simple moving average of $168.07 and a two-hundred day simple moving average of $168.25. 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 Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.61%. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently 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.