Bartlett & Co. LLC raised its position in The Procter & Gamble Company (NYSE: PG – Get Rating) by 50.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 936,279 shares of the company stock after acquiring an additional 313,656 shares during the quarter. Procter & Gamble accounts for about 2.6% of Bartlett & Co. LLC’s investment portfolio, making the stock its 4th largest holding. Bartlett & Co. LLC’s holdings in Procter & Gamble were worth $ 153,157,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. North Star Asset Management Inc. grew its position in Procter & Gamble by 1.4% in the fourth quarter. North Star Asset Management Inc. now owns 18,819 shares of the company stock valued at $ 3,078,000 after acquiring an additional 258 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $ 394,000. Liberty One Investment Management LLC grew its position in shares of Procter & Gamble by 2.9% during the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company stock worth $ 21,754,000 after buying an additional 3,754 shares in the last quarter. Adviser Investments LLC grew its position in shares of Procter & Gamble by 3.1% during the fourth quarter. Adviser Investments LLC now owns 60,154 shares of the company stock worth $ 9,840,000 after buying an additional 1,793 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Procter & Gamble by 8.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company stock worth $ 13,590,000 after buying an additional 6,550 shares in the last quarter. 63.64% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $ 180.00 to $ 170.00 and set an “overweight” rating for the company in a research report on Wednesday, June 1st. The Goldman Sachs Group decreased their price target on shares of Procter & Gamble from $ 179.00 to $ 173.00 in a research report on Tuesday, March 29th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $ 165.00 to $ 175.00 in a research report on Tuesday, March 22nd. Barclays reduced their price target on Procter & Gamble from $ 176.00 to $ 157.00 and set an “overweight” rating on the stock in a research note on Monday, May 23rd. Finally, Credit Suisse Group raised their price target on Procter & Gamble from $ 140.00 to $ 150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Buy” and an average price target of $ 164.27.
In related news, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $ 162.43, for a total transaction of $ 54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at $ 198,164.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $ 164.52, for a total transaction of $ 9,871,200.00. Following the sale, the chairman now owns 253,933 shares in the company, valued at $ 41,777,057.16. 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. Company insiders own 0.51% of the company stock.
PG stock opened at $ 132.36 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a market capitalization of $ 317.57 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.75 and a beta of 0.40. The Procter & Gamble Company has a 1 year low of $ 129.50 and a 1 year high of $ 165.35. The stock’s fifty day moving average is $ 151.09 and its two-hundred day moving average is $ 154.70.
Procter & Gamble (NYSE: PG – Get Rating) last posted its earnings results on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.28 by $ 0.05. The company had revenue of $ 19.38 billion for the quarter, compared to analysts’ expectations of $ 18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $ 1.26 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 5.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were paid a $ 0.9133 dividend. This represents a $ 3.65 dividend on an annualized basis and a yield of 2.76%. This is a boost from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.70%.
Procter & Gamble 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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