The Procter & Gamble Company (NYSE:PG) Holdings Cut by Sabal Trust CO

Sabal Trust CO cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,612 shares of the company’s stock after selling 1,946 shares during the period. Procter & Gamble accounts for about 1.7% of Sabal Trust CO’s investment portfolio, making the stock its 21st largest position. Sabal Trust CO’s holdings in Procter & Gamble were worth $28,603,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. National Pension Service raised its position in Procter & Gamble by 5.3% during the fourth quarter. National Pension Service now owns 4,533,281 shares of the company’s stock valued at $760,005,000 after acquiring an additional 228,204 shares in the last quarter. DMKC Advisory Services LLC bought a new stake in Procter & Gamble in the fourth quarter worth approximately $1,894,000. Weil Company Inc. increased its stake in shares of Procter & Gamble by 1.9% during the 4th quarter. Weil Company Inc. now owns 5,322 shares of the company’s stock worth $892,000 after purchasing an additional 97 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Procter & Gamble by 5.6% during the 4th quarter. Advisor OS LLC now owns 23,050 shares of the company’s stock valued at $3,864,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Procter & Gamble by 2.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 18,940 shares of the company’s stock valued at $3,175,000 after purchasing an additional 493 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.42.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $172.70 on Wednesday. The firm has a market capitalization of $404.95 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.76 and a beta of 0.45. 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 has a fifty day simple moving average of $166.07 and a 200 day simple moving average of $169.46. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s payout ratio is presently 64.01%.

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.