The Procter & Gamble Company (NYSE:PG) Stock Holdings Lessened by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lowered its stake in The Procter & Gamble Company (NYSE:PG) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 658,314 shares of the company’s stock after selling 294,408 shares during the period. Burgundy Asset Management Ltd.’s holdings in Procter & Gamble were worth $110,366,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PG. Aspiriant LLC grew its position in Procter & Gamble by 8.2% during the 4th quarter. Aspiriant LLC now owns 33,076 shares of the company’s stock worth $5,545,000 after purchasing an additional 2,510 shares in the last quarter. ADE LLC grew its position in Procter & Gamble by 2.6% during the 4th quarter. ADE LLC now owns 4,694 shares of the company’s stock worth $787,000 after purchasing an additional 117 shares in the last quarter. Clear Harbor Asset Management LLC grew its position in Procter & Gamble by 9.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 38,978 shares of the company’s stock worth $6,535,000 after purchasing an additional 3,365 shares in the last quarter. Transform Wealth LLC grew its position in Procter & Gamble by 91.5% during the 4th quarter. Transform Wealth LLC now owns 4,236 shares of the company’s stock worth $710,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of Procter & Gamble by 13.0% during the 4th quarter. Atomi Financial Group Inc. now owns 33,849 shares of the company’s stock valued at $5,675,000 after acquiring an additional 3,895 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target 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. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Truist Financial lowered their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.52.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,520 shares of company stock valued at $10,999,268. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 0.2%

Procter & Gamble stock opened at $165.05 on Friday. The firm has a market cap of $386.97 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm has a fifty day moving average price of $164.22 and a two-hundred day moving average price of $167.29.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 66.98%.

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.