The Procter & Gamble Company (NYSE:PG) Stock Position Raised by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,511 shares of the company’s stock after purchasing an additional 479 shares during the period. Kensington Investment Counsel LLC’s holdings in Procter & Gamble were worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PG. Massachusetts Financial Services Co. MA grew its position in Procter & Gamble by 1.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 367,788 shares of the company’s stock worth $60,163,000 after purchasing an additional 5,004 shares in the last quarter. Pictet Asset Management SA boosted its position in Procter & Gamble by 4.3% during the 4th quarter. Pictet Asset Management SA now owns 1,373,425 shares of the company’s stock worth $224,665,000 after acquiring an additional 57,221 shares during the period. Woodard & Co. Asset Management Group Inc. ADV grew its stake in Procter & Gamble by 0.7% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 14,302 shares of the company’s stock valued at $2,340,000 after acquiring an additional 104 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. increased its holdings in shares of Procter & Gamble by 5.7% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,488 shares of the company’s stock valued at $1,225,000 after purchasing an additional 404 shares during the period. Finally, Roundview Capital LLC boosted its holdings in shares of Procter & Gamble by 3.0% during the fourth quarter. Roundview Capital LLC now owns 40,737 shares of the company’s stock worth $6,664,000 after purchasing an additional 1,181 shares during the period. 63.45% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 1.5 %

Shares of NYSE:PG opened at $139.96 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The stock’s 50-day moving average is $143.95 and its 200-day moving average is $148.24. The company has a market cap of $333.87 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.81 and a beta of 0.35. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same period last year, the business earned $1.13 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.61%. Procter & Gamble’s dividend payout ratio is 62.82%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. UBS Group lowered their price target on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Finally, Truist Financial cut their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.93.

Insider Transactions at Procter & Gamble

In related news, insider Mary Theresa Grabowski sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $147.00, for a total transaction of $2,352,000.00. Following the transaction, the insider now directly owns 4,326 shares in the company, valued at $635,922. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 16,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the sale, the insider now owns 4,326 shares of the company’s stock, valued at approximately $635,922. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 987 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the transaction, the chief financial officer now directly owns 27,330 shares of the company’s stock, valued at $4,081,188.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is currently owned by company insiders.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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