Nichols & Pratt Advisers LLP MA Has $63.83 Million Stake in The Procter & Gamble Company (NYSE:PG)

Nichols & Pratt Advisers LLP MA lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 380,731 shares of the company’s stock after selling 5,418 shares during the period. Procter & Gamble accounts for approximately 4.3% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 8th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Procter & Gamble were worth $63,830,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter valued at $33,000. Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $39,000. Bay Harbor Wealth Management LLC increased its stake in Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after buying an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $46,000. Finally, Costello Asset Management INC increased 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 purchasing an additional 300 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PG has been the subject of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler cut their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned 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 $180.42.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $173.84 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $166.29 and its two-hundred day moving average is $169.54. The company has a market cap of $407.63 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s payout ratio is presently 64.01%.

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.