Prudential Financial Inc. Has $340.17 Million Stake in The Procter & Gamble Company (NYSE:PG)

Prudential Financial Inc. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,029,024 shares of the company’s stock after selling 52,417 shares during the period. Prudential Financial Inc. owned 0.09% of Procter & Gamble worth $340,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sequent Planning LLC raised its position in Procter & Gamble by 18.9% in the fourth quarter. Sequent Planning LLC now owns 3,774 shares of the company’s stock worth $633,000 after acquiring an additional 600 shares during the period. Jackson Thornton Wealth Management LLC increased its holdings in shares of Procter & Gamble by 52.0% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 1,835 shares of the company’s stock worth $308,000 after buying an additional 628 shares during the last quarter. United Services Automobile Association increased its position in shares of Procter & Gamble by 3.5% during the 4th quarter. United Services Automobile Association now owns 345,175 shares of the company’s stock valued at $57,869,000 after purchasing an additional 11,540 shares during the last quarter. Dillon & Associates Inc. raised its stake in shares of Procter & Gamble by 0.5% during the fourth quarter. Dillon & Associates Inc. now owns 20,373 shares of the company’s stock worth $3,423,000 after acquiring an additional 109 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $475,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on 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 sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last three months. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PG shares. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Barclays increased their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Stock Performance

Shares of PG stock opened at $166.60 on Monday. The firm has a market capitalization of $390.66 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a 50 day moving average price of $167.97 and a 200 day moving average price of $169.65. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during 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%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

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.