Revisor Wealth Management LLC cut its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,140 shares of the company's stock after selling 3,361 shares during the quarter. Revisor Wealth Management LLC's holdings in Procter & Gamble were worth $359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock valued at $9,457,000,000 after buying an additional 1,267,419 shares during the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $5,244,463,000. Northern Trust Corp grew its position in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on PG shares. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Raymond James reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.52.
Check Out Our Latest Stock Report on PG
Procter & Gamble Stock Performance
Shares of NYSE:PG traded up $1.89 during trading on Tuesday, hitting $167.75. 11,416,704 shares of the stock traded hands, compared to its average volume of 7,291,845. 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 fifty day moving average price of $164.13 and a two-hundred day moving average price of $167.34. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a market cap of $393.30 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company's revenue was down 2.1% compared to the same quarter last year. As a group, equities 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 was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble's payout ratio is 66.98%.
Insider Transactions at Procter & Gamble
In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,520 shares of company stock valued at $7,909,388 in the last three months. 0.18% of the stock is currently owned by company insiders.
Procter & Gamble Company Profile
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Free Report)
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.
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