The Procter & Gamble Company (NYSE:PG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,160 shares of the company’s stock after selling 1,443 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Procter & Gamble were worth $10,253,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PG. Kovack Advisors Inc. grew its stake in shares of Procter & Gamble by 1.0% in the 4th quarter. Kovack Advisors Inc. now owns 17,529 shares of the company’s stock valued at $2,939,000 after buying an additional 181 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in Procter & Gamble by 3.4% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 11,152 shares of the company’s stock valued at $1,870,000 after acquiring an additional 363 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Procter & Gamble by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 930,927 shares of the company’s stock worth $156,070,000 after acquiring an additional 19,200 shares during the period. Crystal Rock Capital Management increased its stake in Procter & Gamble by 3.5% during the fourth quarter. Crystal Rock Capital Management now owns 25,375 shares of the company’s stock worth $4,254,000 after acquiring an additional 850 shares during the last quarter. Finally, Apriem Advisors raised its position in Procter & Gamble by 6.2% in the fourth quarter. Apriem Advisors now owns 6,133 shares of the company’s stock valued at $1,028,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE:PG opened at $172.07 on Friday. The company has a market cap of $403.48 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm’s 50-day simple moving average is $166.17 and its 200-day simple moving average is $169.49. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its 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 business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s payout ratio is currently 64.01%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PG. 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. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.42.

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.