The Procter & Gamble Company (NYSE:PG) Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,816 shares of the company’s stock after selling 543 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Procter & Gamble were worth $2,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Argentarii LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $2,218,000. Jackson Hole Capital Partners LLC increased its holdings in Procter & Gamble by 1.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 15,643 shares of the company’s stock worth $2,623,000 after purchasing an additional 221 shares during the last quarter. Horan Securities Inc. increased its holdings in Procter & Gamble by 0.6% during the 4th quarter. Horan Securities Inc. now owns 47,855 shares of the company’s stock worth $8,023,000 after purchasing an additional 290 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $34,856,000. Finally, Barings LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $343,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays boosted their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

Procter & Gamble Trading Up 0.8 %

Shares of PG stock opened at $176.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The stock has a fifty day moving average of $166.85 and a two-hundred day moving average of $169.77. The firm has a market capitalization of $412.84 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

About Procter & Gamble

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.