The Procter & Gamble Company (NYSE:PG) Shares Sold by DE Burlo Group Inc.

DE Burlo Group Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 16,761 shares of the company’s stock after selling 920 shares during the quarter. DE Burlo Group Inc.’s holdings in Procter & Gamble were worth $2,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PG. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Hoey Investments Inc. grew its stake in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $34,000. Atlantic Private Wealth LLC lifted its stake in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. purchased a new stake in Procter & Gamble during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.9 %

PG opened at $161.04 on Friday. The firm has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company’s 50 day simple moving average is $168.16 and its two-hundred day simple moving average is $168.33. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the firm posted $1.52 EPS. Analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 67.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup decreased their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $164.00 to $177.00 in a report on Friday. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Piper Sandler reissued an “underperform” rating on shares of Procter & Gamble in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.79.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.