The Procter & Gamble Company (NYSE:PG) Shares Bought by Mattern Capital Management LLC

Mattern Capital Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,981 shares of the company’s stock after purchasing an additional 2,556 shares during the quarter. Mattern Capital Management LLC’s holdings in Procter & Gamble were worth $7,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Axiom Financial Strategies LLC grew its position in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares during the last quarter. AMI Investment Management Inc. grew its position in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares during the last quarter. LSV Asset Management grew its position in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares during the last quarter. Ergoteles LLC acquired a new stake in Procter & Gamble in the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC grew its position in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 63.43% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 6,575 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the completion of the transaction, the chief executive officer now owns 5,620 shares in the company, valued at $862,501.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the transaction, the chief executive officer now owns 5,620 shares of the company’s stock, valued at approximately $862,501.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 278,658 shares of company stock worth $42,921,732. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Truist Financial lifted their target price on shares of Procter & Gamble from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research report on Friday, October 20th. Finally, Jefferies Financial Group started coverage on shares of Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $167.06.

View Our Latest Report on PG

Procter & Gamble Trading Up 0.1 %

Shares of PG traded up $0.19 on Monday, reaching $158.28. 843,551 shares of the company’s stock were exchanged, compared to its average volume of 8,226,434. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $372.44 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.45. The business has a 50 day moving average price of $149.41 and a two-hundred day moving average price of $150.66. The Procter & Gamble Company has a 12 month low of $135.83 and a 12 month high of $159.60.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

Recommended Stories

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.