FourThought Financial Partners LLC Has $6.74 Million Stake in The Procter & Gamble Company (NYSE:PG)

FourThought Financial Partners LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,214 shares of the company’s stock after selling 90 shares during the quarter. FourThought Financial Partners LLC’s holdings in Procter & Gamble were worth $6,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB raised its stake in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the period. Swedbank AB lifted its position in Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock valued at $260,432,000 after purchasing an additional 56,583 shares during the last quarter. Howard Capital Management Group LLC lifted its position in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after purchasing an additional 82 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Procter & Gamble by 19.0% during the third quarter. Richardson Financial Services Inc. now owns 1,877 shares of the company’s stock valued at $312,000 after acquiring an additional 300 shares in the last quarter. Finally, Motiv8 Investments LLC raised its holdings in shares of Procter & Gamble by 11.8% during the third quarter. Motiv8 Investments LLC now owns 5,638 shares of the company’s stock valued at $977,000 after acquiring an additional 593 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Piper Sandler decreased their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays raised 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. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.42.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $170.41 on Tuesday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $399.59 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The business’s fifty day moving average price is $166.02 and its two-hundred day moving average price is $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Insider Activity

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.