Wellington Management Group LLP Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

Wellington Management Group LLP lowered its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,228,175 shares of the company's stock after selling 2,838,467 shares during the quarter. Procter & Gamble makes up about 0.7% of Wellington Management Group LLP's holdings, making the stock its 21st largest holding. Wellington Management Group LLP owned 1.03% of Procter & Gamble worth $4,061,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Partners in Financial Planning purchased a new position in Procter & Gamble in the 4th quarter worth approximately $585,000. O Shaughnessy Asset Management LLC increased its stake in shares of Procter & Gamble by 8.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 432,699 shares of the company's stock worth $72,542,000 after acquiring an additional 32,960 shares during the last quarter. Bcwm LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $445,000. United Bank grew its holdings in shares of Procter & Gamble by 7.4% in the fourth quarter. United Bank now owns 14,351 shares of the company's stock valued at $2,406,000 after purchasing an additional 984 shares during the period. Finally, Joseph Group Capital Management increased its position in Procter & Gamble by 12.7% during the fourth quarter. Joseph Group Capital Management now owns 26,101 shares of the company's stock worth $4,376,000 after purchasing an additional 2,947 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Remove Ads

Procter & Gamble Stock Up 2.0 %

Shares of NYSE:PG traded up $3.34 on Thursday, hitting $172.84. 4,501,728 shares of the company's stock were exchanged, compared to its average volume of 6,900,854. 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 Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market capitalization of $405.28 billion, a PE ratio of 27.52, a P/E/G ratio of 3.76 and a beta of 0.41. The firm's 50-day moving average is $169.07 and its 200 day moving average is $169.27.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.33%. Procter & Gamble's dividend payout ratio is presently 64.01%.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Truist Financial boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated 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 owns 22,051 shares of the company's stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate 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.