Birinyi Associates Inc. Has $1.52 Million Stake in The Procter & Gamble Company (NYSE:PG)

Birinyi Associates Inc. lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,043 shares of the company’s stock after selling 72 shares during the period. Procter & Gamble makes up about 0.4% of Birinyi Associates Inc.’s portfolio, making the stock its 26th largest holding. Birinyi Associates Inc.’s holdings in Procter & Gamble were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FFT Wealth Management LLC raised its stake in Procter & Gamble by 6.9% during the fourth quarter. FFT Wealth Management LLC now owns 2,940 shares of the company’s stock worth $493,000 after acquiring an additional 189 shares in the last quarter. Tull Financial Group Inc. increased its position in Procter & Gamble by 15.4% during the 4th quarter. Tull Financial Group Inc. now owns 1,753 shares of the company’s stock worth $294,000 after purchasing an additional 234 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Procter & Gamble by 7.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 253,523 shares of the company’s stock valued at $42,503,000 after buying an additional 17,675 shares in the last quarter. Amalgamated Bank grew its stake in shares of Procter & Gamble by 0.6% during the fourth quarter. Amalgamated Bank now owns 494,951 shares of the company’s stock worth $82,979,000 after buying an additional 2,844 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC raised its position in Procter & Gamble by 2.4% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 29,361 shares of the company’s stock valued at $4,922,000 after purchasing an additional 692 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $172.70 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $404.95 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a fifty day moving average of $166.07 and a 200-day moving average of $169.46. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced 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 of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Analysts Set New Price Targets

PG has been the topic of several research reports. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.42.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Company 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.