United Services Automobile Association lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 345,175 shares of the company's stock after acquiring an additional 11,540 shares during the quarter. Procter & Gamble accounts for 1.9% of United Services Automobile Association's holdings, making the stock its 16th biggest position. United Services Automobile Association's holdings in Procter & Gamble were worth $57,869,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in PG. Raymond James Financial Inc. acquired a new position in Procter & Gamble during the fourth quarter worth $1,010,685,000. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after purchasing an additional 3,619,466 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after buying an additional 2,973,757 shares during the last quarter. Franklin Resources Inc. increased its stake in Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock worth $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Procter & Gamble by 25,115.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,736,857 shares of the company's stock valued at $291,184,000 after acquiring an additional 1,729,969 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on PG. DA Davidson restated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays boosted their price objective on Procter & Gamble from $159.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday. Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.82.
Check Out Our Latest Research Report on PG
Procter & Gamble Stock Up 0.9 %
Shares of PG traded up $1.58 during midday trading on Thursday, hitting $168.16. The company had a trading volume of 739,418 shares, compared to its average volume of 6,463,187. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm has a market capitalization of $394.31 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company's 50-day simple moving average is $168.31 and its 200-day simple moving average is $169.47.
Procter & Gamble (NYSE:PG - Get Free Report) last posted 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 company had revenue of $21.88 billion during 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 firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble's payout ratio is currently 64.01%.
Insider Buying and Selling
In other news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 completion of the transaction, the insider now directly 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 sold a total of 143,450 shares of company stock worth $23,988,008 over the last 90 days. 0.18% of the stock is owned by insiders.
About Procter & Gamble
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Free Report)
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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