Pitcairn Co. Sells 3,439 Shares of The Procter & Gamble Company (NYSE:PG)

Pitcairn Co. decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,324 shares of the company’s stock after selling 3,439 shares during the period. Procter & Gamble accounts for about 1.1% of Pitcairn Co.’s portfolio, making the stock its 15th biggest holding. Pitcairn Co.’s holdings in Procter & Gamble were worth $17,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. NewSquare Capital LLC lifted its stake in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. Atlantic Private Wealth LLC grew its holdings in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after buying an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in Procter & Gamble in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $169.74 on Thursday. 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 company has a market capitalization of $398.02 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.76 and a beta of 0.41. The business’s fifty day simple moving average is $169.07 and its 200-day simple moving average is $169.27. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PG. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Piper Sandler lowered their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’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 transaction, the insider now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. 0.18% of the stock is owned by corporate insiders.

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.