Assenagon Asset Management S.A. Grows Stock Holdings in Procter & Gamble Company (The) $PG

Assenagon Asset Management S.A. grew its position in Procter & Gamble Company (The) (NYSE:PG) by 100.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,460,939 shares of the company’s stock after buying an additional 2,741,924 shares during the period. Procter & Gamble accounts for about 1.1% of Assenagon Asset Management S.A.’s portfolio, making the stock its 11th largest position. Assenagon Asset Management S.A. owned approximately 0.23% of Procter & Gamble worth $782,607,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PG. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. raised its stake in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after buying an additional 1,016 shares during the last quarter. Auxano Advisors LLC boosted its holdings in Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several research analyst reports. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,809 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the sale, the insider owned 30,215 shares of the company’s stock, valued at $4,818,083.90. This trade represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This represents a 84.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.2%

PG stock opened at $143.97 on Tuesday. The company has a market capitalization of $334.58 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 4.82 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The firm’s fifty day simple moving average is $154.08 and its 200-day simple moving average is $150.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s payout ratio is 62.67%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.