The Procter & Gamble Company (NYSE:PG) Stock Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 21.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,741,225 shares of the company’s stock after buying an additional 307,800 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Procter & Gamble were worth $291,916,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of Procter & Gamble by 5.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,115,797 shares of the company’s stock valued at $187,063,000 after acquiring an additional 53,768 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of Procter & Gamble by 25,155.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 45,713 shares of the company’s stock valued at $7,664,000 after buying an additional 45,532 shares during the last quarter. AKO Capital LLP grew its stake in shares of Procter & Gamble by 10.8% in the 4th quarter. AKO Capital LLP now owns 1,172,423 shares of the company’s stock valued at $196,557,000 after buying an additional 114,397 shares in the last quarter. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter worth approximately $5,244,463,000. Finally, Caisse Des Depots ET Consignations bought a new position in Procter & Gamble during the fourth quarter valued at approximately $9,356,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.4 %

Shares of PG stock opened at $168.85 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a fifty day moving average price of $168.47 and a 200 day moving average price of $169.46. The stock has a market cap of $395.92 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PG shares. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, 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, February 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’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. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on 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 transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was 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 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company’s stock.

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.