California State Teachers Retirement System Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

California State Teachers Retirement System lowered its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,736,789 shares of the company's stock after selling 118,933 shares during the quarter. Procter & Gamble accounts for 0.7% of California State Teachers Retirement System's investment portfolio, making the stock its 18th biggest position. California State Teachers Retirement System owned 0.16% of Procter & Gamble worth $626,473,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PG. Northern Trust Corp raised its position in 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 purchasing an additional 2,703,757 shares during the period. Bellwether Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $144,000. Parkshore Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $1,874,000. Beacon Pointe Advisors LLC boosted its holdings in Procter & Gamble by 1.9% during the 4th quarter. Beacon Pointe Advisors LLC now owns 345,722 shares of the company's stock valued at $57,960,000 after acquiring an additional 6,610 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Procter & Gamble during the 4th quarter worth approximately $1,421,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Truist Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and three have given 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 price target of $180.79.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $8,386,111.70. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,000 shares of company stock valued at $9,330,060. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.2 %

NYSE:PG traded up $0.31 during trading hours on Wednesday, reaching $162.57. 12,460,156 shares of the company traded hands, compared to its average volume of 7,160,306. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business's 50-day moving average price is $167.97 and its two-hundred day moving average price is $168.21. The stock has a market capitalization of $381.20 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.60%. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

About Procter & Gamble

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.