The Procter & Gamble Company (NYSE:PG) is Tufton Capital Management’s 10th Largest Position

Tufton Capital Management lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 0.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 64,006 shares of the company’s stock after selling 282 shares during the period. Procter & Gamble comprises approximately 2.0% of Tufton Capital Management’s investment portfolio, making the stock its 10th largest position. Tufton Capital Management’s holdings in Procter & Gamble were worth $10,731,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Veridan Wealth LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $386,000. Waterway Wealth Management LLC raised its holdings in shares of Procter & Gamble by 14.0% during the fourth quarter. Waterway Wealth Management LLC now owns 4,354 shares of the company’s stock worth $730,000 after acquiring an additional 535 shares in the last quarter. Mills Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $203,000. Dynasty Wealth Management LLC raised its holdings in shares of Procter & Gamble by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,706 shares of the company’s stock worth $1,292,000 after acquiring an additional 203 shares in the last quarter. Finally, First American Bank raised its holdings in shares of Procter & Gamble by 1.1% during the fourth quarter. First American Bank now owns 133,923 shares of the company’s stock worth $22,452,000 after acquiring an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents 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 currently owned by insiders.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock opened at $172.07 on Friday. The firm has a 50 day moving average price of $166.17 and a two-hundred day moving average price of $169.49. 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 company has a market capitalization of $403.48 billion, a PE ratio of 27.40, a price-to-earnings-growth 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 announced its 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share 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 paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays boosted their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company lifted 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. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.42.

Procter & Gamble Company 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.