Virtu Financial LLC Has $770,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Virtu Financial LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 51.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,594 shares of the company's stock after selling 4,828 shares during the period. Virtu Financial LLC's holdings in Procter & Gamble were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its holdings in shares of Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares during the last quarter. Principal Financial Group Inc. grew its position in Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after purchasing an additional 608,168 shares during the period. United Bank boosted its position in shares of Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after buying an additional 219 shares during the last quarter. Algert Global LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $824,000. Finally, Larson Financial Group LLC boosted its stake in Procter & Gamble by 14.8% in the third quarter. Larson Financial Group LLC now owns 15,016 shares of the company's stock valued at $2,601,000 after acquiring an additional 1,934 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

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Procter & Gamble Stock Down 1.7 %

NYSE:PG traded down $2.75 during trading hours on Tuesday, hitting $162.90. The stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market cap of $381.98 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 business has a 50 day simple moving average of $168.11 and a two-hundred day simple moving average of $169.58.

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, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. Analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PG. Wells Fargo & Company raised 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. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Finally, UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $181.47.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was 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 represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.

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.