The Procter & Gamble Company (NYSE:PG) Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,832,589 shares of the company's stock after buying an additional 978,008 shares during the quarter. Procter & Gamble makes up approximately 1.0% of Caisse DE Depot ET Placement DU Quebec's portfolio, making the stock its 17th biggest position. Caisse DE Depot ET Placement DU Quebec owned approximately 0.12% of Procter & Gamble worth $474,884,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Howard Capital Management Group LLC lifted its holdings in shares of Procter & Gamble by 1.0% during the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after purchasing an additional 82 shares during the period. Principal Financial Group Inc. increased its stake in shares of Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after acquiring an additional 608,168 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in Procter & Gamble during the third quarter worth about $201,000. Invst LLC lifted its position in Procter & Gamble by 0.7% in the third quarter. Invst LLC now owns 15,889 shares of the company's stock valued at $2,752,000 after purchasing an additional 103 shares during the period. Finally, Virtu Financial LLC acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $1,632,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.4 %

NYSE:PG traded up $0.61 during trading hours on Friday, hitting $160.59. The stock had a trading volume of 5,744,311 shares, compared to its average volume of 7,157,721. The business has a 50 day simple moving average of $167.36 and a two-hundred day simple moving average of $167.99. The Procter & Gamble Company has a 1-year low of $156.58 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 company has a market cap of $376.51 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. Analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.63%. Procter & Gamble's payout ratio is currently 66.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,000 shares of company stock valued at $9,330,060 in the last three months. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PG shares. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Raymond James dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America cut their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Truist Financial lowered their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $179.80.

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.