Dark Forest Capital Management LP Sells 5,081 Shares of The Procter & Gamble Company (NYSE:PG)

Dark Forest Capital Management LP reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 75.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,696 shares of the company’s stock after selling 5,081 shares during the quarter. Dark Forest Capital Management LP’s holdings in Procter & Gamble were worth $284,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Berkshire Asset Management LLC PA grew its holdings in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC grew its holdings in shares of Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after buying an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new position in shares of Procter & Gamble during the third quarter worth about $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $569,000. Finally, Richard C. Young & CO. LTD. grew its holdings in shares of Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after buying an additional 2,568 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Piper Sandler restated an “underperform” rating on shares of Procter & Gamble in a report on Friday. Truist Financial lowered their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $164.00 to $177.00 in a report on Friday. Finally, Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $180.79.

Procter & Gamble Trading Up 0.5 %

PG stock opened at $161.87 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company’s 50-day simple moving average is $168.07 and its 200 day simple moving average is $168.25. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a market capitalization of $379.56 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.61%. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Insider Buying and Selling

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

Procter & Gamble Company 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.