Boston Common Asset Management LLC Decreases Holdings in Procter & Gamble Company (The) $PG

Boston Common Asset Management LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,751 shares of the company’s stock after selling 28,722 shares during the period. Boston Common Asset Management LLC’s holdings in Procter & Gamble were worth $13,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Emprise Bank boosted its position in shares of Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after purchasing an additional 68 shares in the last quarter. Affiance Financial LLC increased its position in Procter & Gamble by 2.5% during the 3rd quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock valued at $431,000 after buying an additional 69 shares in the last quarter. Beech Hill Advisors Inc. raised its stake in Procter & Gamble by 0.5% in the fourth quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company’s stock valued at $2,040,000 after buying an additional 70 shares during the last quarter. Dominguez Wealth Management Solutions Inc. raised its stake in Procter & Gamble by 0.3% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock valued at $3,144,000 after buying an additional 71 shares during the last quarter. Finally, Aull & Monroe Investment Management Corp boosted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 28,113 shares of the company’s stock worth $4,029,000 after acquiring an additional 71 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.4%

Shares of PG stock opened at $144.76 on Tuesday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The firm has a market capitalization of $336.43 billion, a PE ratio of 21.45, a P/E/G ratio of 4.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock’s 50-day simple moving average is $153.93 and its 200-day simple moving average is $149.97.

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

Procter & Gamble Announces Dividend

The firm 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 dividend payout ratio is 62.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Monday. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday. Finally, UBS Group lifted their price objective on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.83.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the firm’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 $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by corporate insiders.

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.