The Procter & Gamble Company (NYSE:PG) is Hutner Capital Management Inc.’s 6th Largest Position

Hutner Capital Management Inc. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 10.7% during the 4th quarter, Holdings Channel reports. The firm owned 53,210 shares of the company’s stock after buying an additional 5,152 shares during the quarter. Procter & Gamble makes up about 4.3% of Hutner Capital Management Inc.’s holdings, making the stock its 6th biggest position. Hutner Capital Management Inc.’s holdings in Procter & Gamble were worth $8,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. Hoey Investments Inc. grew its holdings in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the fourth quarter valued at $34,000. Finally, Atlantic Private Wealth LLC raised its stake in Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,000 shares of company stock valued at $9,330,060 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 1.6 %

Shares of Procter & Gamble stock opened at $159.99 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $167.61 and its 200-day simple moving average is $168.08. The stock has a market cap of $375.10 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. 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 during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.64%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble’s payout ratio is presently 66.98%.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Piper Sandler reiterated an “underperform” rating on shares of Procter & Gamble in a research report on Friday, April 25th. Finally, Stifel Nicolaus raised their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $179.80.

Procter & Gamble 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.