Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Jensen Investment Management Inc.

Key Points

• Jensen Investment Management Inc. reduced its stake in Procter & Gamble by 13.7%, leading to ownership of approximately 1.49 million shares, valued at $254 million.
• Procter & Gamble's recent earnings report showed $1.48 EPS, exceeding analyst estimates, and a quarterly revenue of $20.89 billion.
• A consensus rating of "Moderate Buy" has been established among analysts for Procter & Gamble, with a price target of $175.88.

Jensen Investment Management Inc. lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,491,809 shares of the company's stock after selling 237,684 shares during the quarter. Procter & Gamble accounts for 2.8% of Jensen Investment Management Inc.'s portfolio, making the stock its 16th largest position. Jensen Investment Management Inc. owned approximately 0.06% of Procter & Gamble worth $254,234,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PG. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $31,000. 10Elms LLP acquired a new stake in Procter & Gamble during the fourth quarter worth about $34,000. Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.06 during midday trading on Friday, hitting $153.55. The company had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market cap of $359.67 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. The business's 50-day simple moving average is $158.26 and its 200-day simple moving average is $163.68.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

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.