The Procter & Gamble Company (NYSE:PG) Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lessened its position in The Procter & Gamble Company (NYSE:PGFree Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,858 shares of the company’s stock after selling 595 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Procter & Gamble were worth $11,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. apricus wealth LLC lifted its position in Procter & Gamble by 2.8% during the 4th quarter. apricus wealth LLC now owns 2,693 shares of the company’s stock worth $395,000 after acquiring an additional 73 shares during the period. Waypoint Capital Advisors LLC lifted its holdings in shares of Procter & Gamble by 14.4% in the 4th quarter. Waypoint Capital Advisors LLC now owns 1,978 shares of the company’s stock valued at $290,000 after buying an additional 249 shares during the period. SevenBridge Financial Group LLC increased its stake in Procter & Gamble by 1.0% in the 4th quarter. SevenBridge Financial Group LLC now owns 29,659 shares of the company’s stock valued at $4,346,000 after purchasing an additional 283 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in Procter & Gamble by 2.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 87,485 shares of the company’s stock valued at $12,820,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Coerente Capital Management increased its stake in Procter & Gamble by 16.0% in the 4th quarter. Coerente Capital Management now owns 14,635 shares of the company’s stock valued at $2,145,000 after purchasing an additional 2,020 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

PG opened at $160.57 on Wednesday. The firm has a market capitalization of $377.82 billion, a P/E ratio of 26.90, a PEG ratio of 3.28 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The company’s 50-day moving average is $159.25 and its 200 day moving average is $152.32.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PG shares. Barclays raised their price target on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Royal Bank of Canada lifted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.41.

Get Our Latest Analysis on PG

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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