The Procter & Gamble Company (NYSE:PG) Shares Sold by Seeds Investor LLC

Seeds Investor LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,481 shares of the company’s stock after selling 134 shares during the period. Seeds Investor LLC’s holdings in Procter & Gamble were worth $584,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PG. Entruity Wealth LLC acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $352,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $7,721,000. Townsquare Capital LLC grew its position in shares of Procter & Gamble by 11.6% in the fourth quarter. Townsquare Capital LLC now owns 132,662 shares of the company’s stock valued at $22,241,000 after purchasing an additional 13,836 shares during the period. Distillate Capital Partners LLC acquired a new position in Procter & Gamble in the fourth quarter valued at $42,431,000. Finally, Nicolet Bankshares Inc. lifted its position in Procter & Gamble by 1.0% during the fourth quarter. Nicolet Bankshares Inc. now owns 19,585 shares of the company’s stock worth $3,283,000 after buying an additional 199 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Piper Sandler dropped their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Truist Financial increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.50.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were 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 approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $166.96 on Friday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock has a market cap of $391.50 billion, a P/E ratio of 26.59, a PEG ratio of 3.76 and a beta of 0.43. 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 firm has a 50-day moving average of $168.35 and a two-hundred day moving average of $168.62.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 67.20%.

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.