The Procter & Gamble Company (NYSE:PG) Stake Lessened by Chicago Capital LLC

Chicago Capital LLC trimmed its position in The Procter & Gamble Company (NYSE:PGFree Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,808 shares of the company’s stock after selling 1,432 shares during the period. Chicago Capital LLC’s holdings in Procter & Gamble were worth $5,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the last quarter. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter worth approximately $3,752,321,000. Morgan Stanley grew its position in Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Barclays PLC increased its holdings in shares of Procter & Gamble by 118.1% in the second quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after buying an additional 3,429,929 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 1.1 %

Shares of Procter & Gamble stock opened at $160.47 on Tuesday. The stock has a 50-day simple moving average of $158.99 and a 200-day simple moving average of $152.28. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The firm has a market cap of $377.59 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 3.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the prior year, the business posted $1.59 EPS. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Barclays boosted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, UBS Group increased their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.41.

View Our Latest Stock Report on PG

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

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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