The Procter & Gamble Company (NYSE:PG) Shares Sold by Amica Retiree Medical Trust

Amica Retiree Medical Trust cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,682 shares of the company’s stock after selling 580 shares during the period. Procter & Gamble comprises approximately 1.1% of Amica Retiree Medical Trust’s holdings, making the stock its 21st biggest position. Amica Retiree Medical Trust’s holdings in Procter & Gamble were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Homestead Advisers Corp acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $40,454,000. Howe & Rusling Inc. increased its holdings in Procter & Gamble by 8.3% in the 4th quarter. Howe & Rusling Inc. now owns 6,470 shares of the company’s stock worth $1,085,000 after acquiring an additional 497 shares in the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth $1,615,000. NEOS Investment Management LLC grew its position in shares of Procter & Gamble by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 129,519 shares of the company’s stock valued at $21,714,000 after purchasing an additional 31,112 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in Procter & Gamble by 2.5% during the 4th quarter. UniSuper Management Pty Ltd now owns 716,962 shares of the company’s stock worth $120,199,000 after buying an additional 17,573 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, 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 have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $166.48 on Thursday. The company has a fifty day moving average of $168.31 and a two-hundred day moving average of $169.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a market capitalization of $390.38 billion, a PE ratio of 26.51, a P/E/G ratio of 3.76 and a beta of 0.41.

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. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s payout ratio is 64.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.47.

About Procter & Gamble

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.