The Procter & Gamble Company (NYSE:PG) Holdings Boosted by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,250 shares of the company’s stock after purchasing an additional 10,250 shares during the quarter. Hennessy Advisors Inc.’s holdings in Procter & Gamble were worth $7,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiera Capital Corp boosted its stake in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after purchasing an additional 19,013 shares during the period. Quest Partners LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $36,000. Cowa LLC boosted its position in shares of Procter & Gamble by 8.2% during the second quarter. Cowa LLC now owns 2,646 shares of the company’s stock worth $436,000 after buying an additional 200 shares during the period. Brighton Jones LLC grew its holdings in Procter & Gamble by 3.0% in the 2nd quarter. Brighton Jones LLC now owns 29,006 shares of the company’s stock worth $4,784,000 after buying an additional 838 shares in the last quarter. Finally, Ieq Capital LLC increased its position in Procter & Gamble by 13.2% in the 2nd quarter. Ieq Capital LLC now owns 131,962 shares of the company’s stock valued at $21,763,000 after acquiring an additional 15,337 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares in the company, valued at $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Morgan Stanley raised their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Procter & Gamble Trading Up 0.5 %

Procter & Gamble stock opened at $161.35 on Friday. The company has a 50 day moving average price of $169.32 and a 200 day moving average price of $169.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is 69.48%.

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.