Heritage Investors Management Corp Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Heritage Investors Management Corp trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,235 shares of the company’s stock after selling 711 shares during the quarter. Heritage Investors Management Corp’s holdings in Procter & Gamble were worth $13,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. Bay Harbor Wealth Management LLC raised its stake in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $46,000. Costello Asset Management INC lifted its stake in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC boosted its holdings in Procter & Gamble by 46.7% during the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after acquiring an additional 105 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.7 %

NYSE PG opened at $171.36 on Thursday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a fifty day simple moving average of $166.11 and a two-hundred day simple moving average of $169.47. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $401.81 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.76 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued 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 2.35%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company’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 value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Eight equities 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.