Charles Schwab Investment Management Inc. Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Charles Schwab Investment Management Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,422,470 shares of the company’s stock after buying an additional 105,734 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.70% of Procter & Gamble worth $2,844,442,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of Procter & Gamble by 19,030.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after buying an additional 3,674,286 shares during the period. Wulff Hansen & CO. increased its stake in Procter & Gamble by 16,292.0% during the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after purchasing an additional 3,653,477 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Procter & Gamble during the third quarter worth about $301,950,000. AMF Tjanstepension AB boosted its stake in shares of Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the period. Finally, Swedbank AB acquired a new position in shares of Procter & Gamble in the first quarter valued at approximately $233,788,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG opened at $170.86 on Thursday. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The company’s 50 day simple moving average is $170.01 and its 200 day simple moving average is $168.51. The stock has a market capitalization of $402.38 billion, a PE ratio of 29.47, a P/E/G ratio of 3.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the firm posted $1.83 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 14,034 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $169.78, for a total transaction of $2,382,692.52. Following the transaction, the chief operating officer now owns 9,856 shares of the company’s stock, valued at $1,673,351.68. This trade represents a 58.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 87,979 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.40, for a total value of $14,991,621.60. Following the completion of the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $51,252,400.80. This trade represents a 22.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,727 shares of company stock worth $29,694,037 in the last three months. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PG. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

About Procter & Gamble

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.