The Procter & Gamble Company (NYSE:PG) Shares Bought by Oarsman Capital Inc.

Oarsman Capital Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 41.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,316 shares of the company’s stock after buying an additional 2,126 shares during the quarter. Oarsman Capital Inc.’s holdings in Procter & Gamble were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PG. Howard Capital Management Group LLC raised its position in Procter & Gamble by 1.0% during the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after purchasing an additional 608,168 shares during the period. United Bank boosted its holdings in Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after buying an additional 219 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Procter & Gamble during the third quarter valued at $201,000. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in Procter & Gamble by 32.0% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,953 shares of the company’s stock valued at $1,377,000 after buying an additional 1,930 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PG. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler reduced their price objective 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. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction 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 quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 5.0 %

NYSE:PG opened at $163.73 on Friday. The firm has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $169.17 and its 200 day moving average price is $169.20.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given 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 yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) 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.