The Procter & Gamble Company (NYSE:PG) Shares Sold by Operose Advisors LLC

Operose Advisors LLC decreased its stake in The Procter & Gamble Company (NYSE:PG) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 837 shares of the company’s stock after selling 833 shares during the period. Operose Advisors LLC’s holdings in Procter & Gamble were worth $140,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. NewSquare Capital LLC grew its position in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter worth $34,000. Atlantic Private Wealth LLC grew its stake in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after acquiring an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in Procter & Gamble in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $169.11 on Tuesday. 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 $396.54 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The business has a 50 day moving average price of $168.35 and a two-hundred day moving average price of $168.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, April 21st. Procter & Gamble’s payout ratio is presently 67.20%.

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $181.50.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated 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 approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

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.