Procter & Gamble Company (The) $PG Stake Lessened by FORA Capital LLC

FORA Capital LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 35.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,349 shares of the company’s stock after selling 16,483 shares during the quarter. Procter & Gamble accounts for approximately 0.8% of FORA Capital LLC’s holdings, making the stock its 23rd biggest position. FORA Capital LLC’s holdings in Procter & Gamble were worth $4,663,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth approximately $34,000. Marquette Asset Management LLC purchased a new position in Procter & Gamble during the third quarter valued at approximately $37,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at approximately $40,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PG shares. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Barclays set a $155.00 price objective on Procter & Gamble in a report on Friday, January 16th. Wells Fargo & Company reissued an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Finally, Piper Sandler began coverage on Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 348,618 shares of company stock worth $55,462,643 in the last three months. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.0%

PG stock opened at $150.57 on Friday. The firm has a market cap of $349.91 billion, a PE ratio of 22.31, a PEG ratio of 5.03 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a fifty day simple moving average of $153.32 and a 200 day simple moving average of $151.03. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period last year, the company earned $1.88 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.52%.

Procter & Gamble Company Profile

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.