Auxier Asset Management reduced its stake in shares of The Procter & Gamble Company (NYSE: PG – Get Rating) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,195 shares of the company stock after selling 975 shares during the period. Auxier Asset Management’s holdings in Procter & Gamble were worth $ 3,631,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. GQG Partners LLC acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $ 1,231,791,000. UBS Asset Management Americas Inc. lifted its holdings 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 acquiring an additional 3,467,039 shares during the last quarter. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company stock valued at $ 25,651,517,000 after acquiring an additional 1,785,863 shares during the last quarter. State Street Corp lifted its stake in Procter & Gamble by 1.7% during the fourth quarter. State Street Corp now owns 105,458,164 shares of the company stock worth $ 17,250,846,000 after purchasing an additional 1,716,517 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Procter & Gamble by 5.0% during the second quarter. Morgan Stanley now owns 34,500,719 shares of the company stock worth $ 4,655,181,000 after purchasing an additional 1,632,893 shares in the last quarter. Institutional investors and hedge funds own 63.64% of the company stock.
NYSE PG opened at $ 132.36 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The Procter & Gamble Company has a 1 year low of $ 129.50 and a 1 year high of $ 165.35. The company has a market capitalization of $ 317.57 billion, a PE ratio of 23.10, a P / E / G ratio of 3.75 and a beta of 0.40. The company has a fifty day moving average of $ 151.09 and a two-hundred day moving average of $ 154.70.
Procter & Gamble (NYSE: PG – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.28 by $ 0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company had revenue of $ 19.38 billion during the quarter, compared to the estimate consensus of $ 18.69 billion. During the same quarter in the prior year, the firm posted $ 1.26 earnings per share. Procter & Gamble’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The business also recently disclosed 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 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $ 0.87. Procter & Gamble’s dividend payout ratio is currently 63.70%.
A number of research firms have commented on PG. Jefferies Financial Group upped their price target on Procter & Gamble from $ 179.00 to $ 185.00 in a research note on Thursday, April 21st. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. The Goldman Sachs Group decreased their price target on Procter & Gamble from $ 179.00 to $ 173.00 in a research note on Tuesday, March 29th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $ 165.00 to $ 175.00 in a research report on Tuesday, March 22nd. Finally, Wells Fargo & Company cut their price objective on Procter & Gamble from $ 180.00 to $ 170.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Buy” and an average target price of $ 164.27.
In other news, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction dated Thursday, April 21st. The shares were 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 owns 7,020 shares in the company, valued at $ 1,151,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction dated Thursday, April 21st. The stock was 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 of the company stock, valued at approximately $ 41,777,057.16. The disclosure for this sale can be found here. Insiders sold 108,415 shares of company stock valued at $ 17,777,055 in the last 90 days. 0.51% of the stock is currently owned by insiders.
About Procter & Gamble: (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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