The Procter & Gamble Company (NYSE:PG) Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 856,621 shares of the company's stock after selling 39,398 shares during the quarter. Procter & Gamble accounts for about 0.5% of Strs Ohio's investment portfolio, making the stock its 27th biggest holding. Strs Ohio's holdings in Procter & Gamble were worth $125,529,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company's stock worth $6,936,343,000 after acquiring an additional 510,559 shares during the period. Morgan Stanley grew its holdings in Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company's stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company's stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Wellington Management Group LLP grew its holdings in Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company's stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the period. Finally, Northern Trust Corp grew its holdings in Procter & Gamble by 2.3% during the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company's stock valued at $4,275,616,000 after purchasing an additional 670,862 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock worth $43,187,745 over the last ninety days. Company insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial raised Procter & Gamble from a "hold" rating to a "buy" rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $170.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a "neutral" rating and a $168.00 price objective for the company. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 24th. Finally, StockNews.com lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.53.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $0.51 during mid-day trading on Friday, reaching $155.33. The stock had a trading volume of 6,770,659 shares, compared to its average volume of 6,339,995. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The business's 50 day moving average price is $159.32 and its 200 day moving average price is $152.63. The company has a market cap of $365.49 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.59%. Procter & Gamble's dividend payout ratio is 67.34%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.