DE Burlo Group Inc. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

DE Burlo Group Inc. lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,761 shares of the company’s stock after selling 920 shares during the quarter. DE Burlo Group Inc.’s holdings in Procter & Gamble were worth $2,810,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in shares of Procter & Gamble by 4.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 88,669 shares of the company’s stock valued at $14,865,000 after buying an additional 3,892 shares in the last quarter. Capital Analysts LLC increased its stake in Procter & Gamble by 2.7% during the fourth quarter. Capital Analysts LLC now owns 85,091 shares of the company’s stock worth $14,265,000 after acquiring an additional 2,215 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC raised its position in Procter & Gamble by 26.2% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,610 shares of the company’s stock valued at $605,000 after purchasing an additional 749 shares during the period. Rothschild Capital Partners LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $514,000. Finally, Topsail Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $2,219,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PG shares. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Raymond James dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Finally, Piper Sandler restated an “underperform” rating on shares of Procter & Gamble in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.79.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $161.04 on Friday. The firm has a 50 day moving average of $168.16 and a 200 day moving average of $168.33. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the company earned $1.52 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 67.20%.

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.