The Procter & Gamble Company (NYSE:PG) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,550,549 shares of the company’s stock after acquiring an additional 59,129 shares during the period. Procter & Gamble accounts for 0.7% of Royal London Asset Management Ltd.’s holdings, making the stock its 25th biggest holding. Royal London Asset Management Ltd.’s holdings in Procter & Gamble were worth $268,555,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PG. BDF Gestion purchased a new stake in Procter & Gamble in the second quarter valued at $10,193,000. CCM Investment Advisers LLC boosted its holdings in Procter & Gamble by 2.0% in the second quarter. CCM Investment Advisers LLC now owns 69,680 shares of the company’s stock valued at $11,492,000 after purchasing an additional 1,369 shares during the last quarter. Cambridge Advisors Inc. boosted its stake in shares of Procter & Gamble by 4.1% during the 2nd quarter. Cambridge Advisors Inc. now owns 6,616 shares of the company’s stock worth $1,091,000 after acquiring an additional 258 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 9.0% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 31,943 shares of the company’s stock worth $5,268,000 after acquiring an additional 2,637 shares in the last quarter. Finally, McLean Asset Management Corp boosted its stake in shares of Procter & Gamble by 6.7% during the 2nd quarter. McLean Asset Management Corp now owns 2,421 shares of the company’s stock worth $404,000 after acquiring an additional 153 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.2 %

Shares of NYSE PG opened at $175.11 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43. The company has a market capitalization of $412.39 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.78 and a beta of 0.44. The company has a 50 day simple moving average of $170.70 and a 200-day simple moving average of $169.29.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the company posted $1.83 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.30%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

Several research firms have recently issued reports on PG. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. Finally, Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,080 shares of company stock valued at $14,629,038. Insiders own 0.18% of the company’s stock.

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.