Schonfeld Strategic Advisors LLC Has $3.39 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Schonfeld Strategic Advisors LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,193 shares of the company's stock after selling 64,317 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Procter & Gamble were worth $3,385,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PG. Principal Financial Group Inc. increased its position in shares of Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after acquiring an additional 608,168 shares in the last quarter. Franklin Resources Inc. raised its position in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Procter & Gamble by 1.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,642 shares of the company's stock worth $1,114,000 after purchasing an additional 75 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Procter & Gamble by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company's stock worth $484,583,000 after buying an additional 201,695 shares during the period. Finally, Pensionfund Sabic grew its stake in shares of Procter & Gamble by 51.7% in the fourth quarter. Pensionfund Sabic now owns 26,400 shares of the company's stock valued at $4,426,000 after buying an additional 9,000 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $1.74 during trading on Monday, hitting $158.78. 7,574,489 shares of the stock were exchanged, compared to its average volume of 7,165,697. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock's fifty day moving average is $167.36 and its 200 day moving average is $167.93. The stock has a market cap of $372.27 billion, a PE ratio of 25.28, a P/E/G ratio of 3.76 and a beta of 0.43.

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 (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Analysts Set New Price Targets

Several analysts have issued reports on PG shares. Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Piper Sandler raised their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $179.40.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,000 shares of company stock valued at $9,330,060 over the last quarter. Corporate 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.