OVERSEA CHINESE BANKING Corp Ltd Has $3.32 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in The Procter & Gamble Company (NYSE:PG) by 13.6% in the 4th quarter, HoldingsChannel reports. The fund owned 19,808 shares of the company’s stock after selling 3,117 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Procter & Gamble were worth $3,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compass Ion Advisors LLC lifted its stake in Procter & Gamble by 1.6% during the fourth quarter. Compass Ion Advisors LLC now owns 4,540 shares of the company’s stock worth $761,000 after purchasing an additional 73 shares during the period. Enhancing Capital LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $402,000. Xponance Inc. boosted its position in Procter & Gamble by 2.3% in the fourth quarter. Xponance Inc. now owns 383,971 shares of the company’s stock valued at $64,373,000 after buying an additional 8,720 shares in the last quarter. Boston Partners boosted its position in Procter & Gamble by 1,049.6% in the fourth quarter. Boston Partners now owns 344,800 shares of the company’s stock valued at $57,806,000 after buying an additional 314,807 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Procter & Gamble in the fourth quarter valued at about $34,438,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PG. DA Davidson restated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Procter & Gamble Trading Up 0.6 %

NYSE PG opened at $168.66 on Thursday. The stock has a 50-day simple moving average of $167.71 and a 200 day simple moving average of $169.77. The company has a market capitalization of $395.47 billion, a PE ratio of 26.86, a P/E/G ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by company insiders.

Procter & Gamble 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.