2,047 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Barings LLC

Barings LLC bought a new position in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,047 shares of the company’s stock, valued at approximately $343,000.

Other institutional investors also recently bought and sold shares of the company. Strategic Advisors LLC raised its holdings in Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after purchasing an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new stake in Procter & Gamble during the third quarter valued at about $668,000. Fortem Financial Group LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $569,000. Richard C. Young & CO. LTD. raised its holdings in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after acquiring an additional 2,568 shares during the period. Finally, Berkshire Asset Management LLC PA raised its holdings in Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after acquiring an additional 2,179 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.8 %

PG opened at $176.06 on Friday. The firm has a market cap of $412.84 billion, a P/E ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $166.85 and a 200 day moving average of $169.77.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping 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 company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the business posted $1.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays raised their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Company 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.