Essex Savings Bank Has $4.37 Million Stake in The Procter & Gamble Company (NYSE:PG)

Essex Savings Bank raised its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,813 shares of the company’s stock after buying an additional 1,430 shares during the quarter. Procter & Gamble comprises 1.3% of Essex Savings Bank’s investment portfolio, making the stock its 15th largest position. Essex Savings Bank’s holdings in Procter & Gamble were worth $4,369,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PG. State Street Corp lifted its stake in Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after acquiring an additional 817,674 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after purchasing an additional 510,559 shares during the last quarter. Morgan Stanley lifted its position in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Procter & Gamble by 96,526.4% during the fourth 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. Finally, Wellington Management Group LLP grew its position in Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays boosted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $168.41.

Get Our Latest Report on Procter & Gamble

Procter & Gamble Stock Down 0.0 %

PG opened at $160.57 on Wednesday. The company has a 50 day moving average of $159.25 and a 200 day moving average of $152.32. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The company has a market cap of $377.82 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

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

Procter & Gamble Dividend Announcement

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

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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