Hummer Financial Advisory Services Inc Sells 100 Shares of The Procter & Gamble Company (NYSE:PG)

Hummer Financial Advisory Services Inc trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,941 shares of the company’s stock after selling 100 shares during the quarter. Procter & Gamble makes up 1.6% of Hummer Financial Advisory Services Inc’s holdings, making the stock its 10th biggest holding. Hummer Financial Advisory Services Inc’s holdings in Procter & Gamble were worth $2,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PG. International Assets Investment Management LLC increased its holdings in shares of Procter & Gamble by 19,030.8% during the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after acquiring an additional 3,674,286 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Procter & Gamble by 16,292.0% during the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock valued at $606,230,000 after acquiring an additional 3,653,477 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after buying an additional 1,760,214 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $301,950,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock opened at $159.82 on Wednesday. The stock has a market capitalization of $376.38 billion, a PE ratio of 27.56, a P/E/G ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The business has a 50-day moving average of $169.40 and a 200 day moving average of $169.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the business posted $1.83 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.52%. Procter & Gamble’s dividend payout ratio is currently 69.31%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,439 shares of company stock valued at $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. Finally, JPMorgan Chase & Co. upped their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.75.

Procter & Gamble Profile

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.