Dynamic Advisor Solutions LLC Reduces Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Dynamic Advisor Solutions LLC reduced its stake in Procter & Gamble by 26.0% in Q4, selling 8,202 shares and leaving it with 23,362 shares valued at about $3.35 million.
• Company insiders have been active sellers: Chairman Jon R. Moeller sold 162,232 shares and CEO Gary A. Coombe sold 36,093 shares, with insiders selling a total of 348,618 shares (~$55.5 million) over the last three months and owning just 0.20% of the stock.
• Procter & Gamble reported a slight EPS beat for the quarter (EPS $1.88 vs. $1.86 consensus) with revenue up 1.5% year-over-year, has a market cap of about $334.6 billion, an annual dividend of $4.23 (yield ~2.9%), and a consensus analyst target of $168.33 ("Moderate Buy").

Dynamic Advisor Solutions LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,362 shares of the company's stock after selling 8,202 shares during the period. Dynamic Advisor Solutions LLC's holdings in Procter & Gamble were worth $3,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $25,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble during the third quarter valued at about $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the third quarter valued at about $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth about $34,000. Finally, Marquette Asset Management LLC bought a new position in shares of Procter & Gamble in the third quarter valued at approximately $37,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $143.97 on Tuesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The business has a 50 day moving average of $154.08 and a 200 day moving average of $150.53. The company has a market capitalization of $334.58 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 4.82 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business's revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble's dividend payout ratio (DPR) is presently 62.67%.

Insiders Place Their Bets

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the sale, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the firm's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PG shares. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a "neutral" rating and a $150.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a "buy" rating for the company in a report on Monday, December 8th. Dbs Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded Procter & Gamble from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $168.33.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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