The Procter & Gamble Company (NYSE:PG) Shares Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,963 shares of the company’s stock after purchasing an additional 479 shares during the period. Bridgewater Advisors Inc.’s holdings in Procter & Gamble were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $28,000. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at approximately $33,000. Costello Asset Management INC raised its stake in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $58,000. Finally, Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after buying an additional 138 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PG. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Barclays reduced their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Stifel Nicolaus lowered their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Friday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.65.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,447 shares of company stock worth $12,978,820. 0.18% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The company has a market capitalization of $379.98 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The stock has a fifty day moving average of $169.19 and a two-hundred day moving average of $169.46. 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 released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, analysts forecast that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

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

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.