Martingale Asset Management L P Has $38.70 Million Stake in The Procter & Gamble Company (NYSE:PG)

Martingale Asset Management L P cut its stake in The Procter & Gamble Company (NYSE:PG) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,826 shares of the company’s stock after selling 30,656 shares during the period. Procter & Gamble makes up 0.9% of Martingale Asset Management L P’s holdings, making the stock its 18th largest position. Martingale Asset Management L P’s holdings in Procter & Gamble were worth $38,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PG. NewSquare Capital LLC lifted its position in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble during the 4th quarter worth about $34,000. Atlantic Private Wealth LLC boosted its stake in shares of Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $38,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.5 %

PG stock opened at $157.85 on Wednesday. The company has a market cap of $370.14 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The business has a 50-day simple moving average of $168.64 and a 200 day simple moving average of $168.84.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is 64.01%.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the 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 completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler dropped their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Truist Financial increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $182.00.

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.