The Manufacturers Life Insurance Company Has $333.40 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

The Manufacturers Life Insurance Company lowered its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,988,676 shares of the company's stock after selling 12,218 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Procter & Gamble worth $333,400,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Procter & Gamble by 0.7% during the fourth 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 period. Geode Capital Management LLC lifted its holdings in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after acquiring an additional 1,267,419 shares during the period. Norges Bank acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. Franklin Resources Inc. increased its stake in Procter & Gamble by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Procter & Gamble by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock valued at $3,133,850,000 after purchasing an additional 312,203 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PG shares. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Truist Financial dropped their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.80.

Procter & Gamble Trading Up 0.5 %

Shares of PG traded up $0.81 during mid-day trading on Friday, reaching $160.79. 3,459,363 shares of the company were exchanged, compared to its average volume of 8,320,353. The business has a 50 day simple moving average of $167.61 and a two-hundred day simple moving average of $168.08. 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 stock has a market capitalization of $376.98 billion, a PE ratio of 25.60, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business earned $1.52 EPS. The company's revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,000 shares of company stock valued at $9,330,060. 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.