Ninety One UK Ltd Decreases Stake in Procter & Gamble Company (The) (NYSE:PG)

Ninety One UK Ltd lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,357 shares of the company's stock after selling 51,328 shares during the quarter. Ninety One UK Ltd's holdings in Procter & Gamble were worth $42,155,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PG. Navigoe LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. lifted its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the fourth quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new position in Procter & Gamble in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $2.65 during trading on Tuesday, reaching $157.85. The company's stock had a trading volume of 11,953,583 shares, compared to its average volume of 7,511,589. The company has a 50-day moving average price of $162.07 and a two-hundred day moving average price of $165.20. The firm has a market cap of $370.09 billion, a PE ratio of 25.06, a P/E/G ratio of 4.58 and a beta of 0.40. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.