BlackRock Inc. raised its stake in The Procter & Gamble Company (NYSE: PG – Get Rating) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,813,285 shares of the company stock after buying an additional 1,785,863 shares during the quarter. Procter & Gamble comprises about 0.7% of BlackRock Inc.’s portfolio, making the stock its 16th biggest holding. BlackRock Inc. owned about 6.48% of Procter & Gamble worth $ 25,651,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of PG. GQG Partners LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $ 1,231,791,000. UBS Asset Management Americas Inc. lifted its position in Procter & Gamble by 33.7% in the third quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company stock valued at $ 1,922,090,000 after buying an additional 3,467,039 shares during the last quarter. State Street Corp lifted its position in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company stock valued at $ 17,250,846,000 after buying an additional 1,716,517 shares during the last quarter. Morgan Stanley lifted its position in Procter & Gamble by 5.0% in the second quarter. Morgan Stanley now owns 34,500,719 shares of the company stock valued at $ 4,655,181,000 after buying an additional 1,632,893 shares during the last quarter. Finally, Sanders Capital LLC lifted its position in Procter & Gamble by 22.3% in the fourth quarter. Sanders Capital LLC now owns 8,398,383 shares of the company stock valued at $ 1,535,692,000 after buying an additional 1,532,184 shares during the last quarter. 63.64% of the stock is currently owned by institutional investors.
Shares of Procter & Gamble stock opened at $ 133.32 on Friday. The firm has a market capitalization of $ 319.87 billion, a P / E ratio of 23.27, a P / E / G ratio of 3.75 and a beta of 0.40. The Procter & Gamble Company has a 52 week low of $ 129.50 and a 52 week high of $ 165.35. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $ 151.65 and its two-hundred day moving average is $ 154.78.
Procter & Gamble (NYSE: PG – Get Rating) last announced its earnings results on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.28 by $ 0.05. The business had revenue of $ 19.38 billion for the quarter, compared to analyst estimates of $ 18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $ 1.26 earnings per share. As a group, research analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were given a dividend of $ 0.9133 per share. The ex-dividend date was Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $ 0.87. This represents a $ 3.65 dividend on an annualized basis and a dividend yield of 2.74%. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
In related news, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 164.10, for a total transaction of $ 2,953,800.00. Following the completion of the sale, the chief executive officer now directly owns 7,020 shares of the company stock, valued at $ 1,151,982. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $ 162.43, for a total value of $ 54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares of the company stock, valued at $ 198,164.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,415 shares of company stock worth $ 17,777,055. Insiders own 0.51% of the company stock.
PG has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $ 179.00 to $ 185.00 in a research report on Thursday, April 21st. Raymond James raised their target price on shares of Procter & Gamble from $ 175.00 to $ 180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $ 165.00 to $ 175.00 in a report on Tuesday, March 22nd. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $ 180.00 to $ 170.00 and set an “overweight” rating on the stock in a report on Wednesday, June 1st. Finally, JPMorgan Chase & Co. cut shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $ 181.00 to $ 165.00 in a report on Wednesday, March 30th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Buy” and a consensus price target of $ 164.27.
Procter & Gamble Company Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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