Brandywine Global Investment Management LLC Sells 596 Shares of The Procter & Gamble Company (NYSE:PG)

Brandywine Global Investment Management LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 127,447 shares of the company’s stock after selling 596 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Procter & Gamble were worth $21,366,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Joseph Group Capital Management raised its stake in shares of Procter & Gamble by 12.7% during the fourth quarter. Joseph Group Capital Management now owns 26,101 shares of the company’s stock valued at $4,376,000 after acquiring an additional 2,947 shares in the last quarter. Life Planning Partners Inc purchased a new position in Procter & Gamble during the 4th quarter worth $15,964,000. RWA Wealth Partners LLC raised its position in Procter & Gamble by 6.4% during the 4th quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company’s stock valued at $45,587,000 after purchasing an additional 16,384 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Procter & Gamble by 3.1% in the 4th quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company’s stock worth $792,135,000 after buying an additional 142,574 shares during the period. Finally, American Money Management LLC grew its position in shares of Procter & Gamble by 14.1% during the 4th quarter. American Money Management LLC now owns 1,639 shares of the company’s stock worth $275,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $167.94 on Monday. The company has a market cap of $393.80 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 firm’s 50-day moving average price is $168.60 and its 200-day moving average price is $169.31. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.84 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s payout ratio is presently 64.01%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler lowered 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. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company’s stock.

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.