Barr E S & Co. Trims Position in The Procter & Gamble Company (NYSE:PG)

Barr E S & Co. decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,819 shares of the company’s stock after selling 207 shares during the quarter. Barr E S & Co.’s holdings in Procter & Gamble were worth $3,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SageView Advisory Group LLC lifted its position in shares of Procter & Gamble by 556.5% in the 4th quarter. SageView Advisory Group LLC now owns 98,244 shares of the company’s stock worth $16,471,000 after purchasing an additional 83,279 shares during the period. 3Chopt Investment Partners LLC lifted its holdings in Procter & Gamble by 5.8% in the fourth quarter. 3Chopt Investment Partners LLC now owns 19,270 shares of the company’s stock worth $3,231,000 after buying an additional 1,060 shares during the period. Keystone Financial Group grew its holdings in shares of Procter & Gamble by 13.2% during the 4th quarter. Keystone Financial Group now owns 40,991 shares of the company’s stock worth $6,881,000 after acquiring an additional 4,779 shares during the period. Savvy Advisors Inc. boosted its position in shares of Procter & Gamble by 23.0% during the fourth quarter. Savvy Advisors Inc. now owns 72,799 shares of the company’s stock valued at $12,205,000 after purchasing an additional 13,621 shares in the last quarter. Finally, Stamos Capital Partners L.P. raised its holdings in Procter & Gamble by 2.0% in the fourth quarter. Stamos Capital Partners L.P. now owns 14,960 shares of the company’s stock worth $2,508,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 2.1 %

Shares of Procter & Gamble stock opened at $166.96 on Friday. The company has a market capitalization of $391.50 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a fifty day moving average of $168.35 and a 200 day moving average of $168.62. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last announced 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the firm posted $1.84 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is 67.20%.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PG. Piper Sandler dropped their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.50.

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.