Gemmer Asset Management LLC Buys 280 Shares of The Procter & Gamble Company (NYSE:PG)

Gemmer Asset Management LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,612 shares of the company’s stock after buying an additional 280 shares during the quarter. Gemmer Asset Management LLC’s holdings in Procter & Gamble were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PG. Fiera Capital Corp boosted its holdings in Procter & Gamble by 1,135.1% during the second 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 in the last quarter. Magnetar Financial LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $1,428,000. Evergreen Capital Management LLC boosted its stake in Procter & Gamble by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 32,481 shares of the company’s stock valued at $5,357,000 after buying an additional 1,700 shares in the last quarter. Tremblant Capital Group grew its position in Procter & Gamble by 68.9% in the second quarter. Tremblant Capital Group now owns 17,316 shares of the company’s stock valued at $2,856,000 after acquiring an additional 7,064 shares during the period. Finally, Gateway Advisory LLC raised its stake in Procter & Gamble by 33.3% during the second quarter. Gateway Advisory LLC now owns 10,162 shares of the company’s stock worth $1,676,000 after acquiring an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

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

Procter & Gamble Price Performance

Shares of PG stock opened at $161.77 on Wednesday. The firm’s 50 day moving average price is $169.09 and its two-hundred day moving average price is $169.44. The stock has a market cap of $380.96 billion, a PE ratio of 27.89, a PEG ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. 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 target price for the company. Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus cut their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Eight equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $179.65.

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.