Rathbones Group PLC Has $55.46 Million Position in The Procter & Gamble Company (NYSE:PG)

Rathbones Group PLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 11.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 362,977 shares of the company’s stock after buying an additional 36,585 shares during the quarter. Rathbones Group PLC’s holdings in Procter & Gamble were worth $55,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Financial Network Corp bought a new stake in Procter & Gamble in the 1st quarter valued at $254,000. Advisor OS LLC boosted its position in shares of Procter & Gamble by 11.9% in the first quarter. Advisor OS LLC now owns 10,459 shares of the company’s stock valued at $1,599,000 after acquiring an additional 1,113 shares during the period. Cantor Fitzgerald Investment Advisor L.P increased its position in Procter & Gamble by 60.0% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 11,606 shares of the company’s stock worth $1,774,000 after acquiring an additional 4,350 shares during the period. AMI Investment Management Inc. grew its position in shares of Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Procter & Gamble by 2.3% in the 1st quarter. Financial Advocates Investment Management now owns 33,188 shares of the company’s stock valued at $5,071,000 after acquiring an additional 734 shares in the last quarter. Institutional investors own 63.64% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Raymond James increased their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. UBS Group decreased their price target on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Evercore ISI set a $170.00 target price on Procter & Gamble in a research report on Monday, June 20th. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 907 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now owns 6,253 shares in the company, valued at $933,760.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 907 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 238,185 shares of company stock worth $34,997,837. 0.51% of the stock is owned by insiders.

Procter & Gamble Trading Down 0.0 %

PG stock traded down $0.01 during midday trading on Friday, hitting $149.76. The stock had a trading volume of 83,134 shares, compared to its average volume of 6,759,389. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $143.11 and a two-hundred day moving average price of $150.23. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The firm has a market cap of $357.86 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 4.12 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same period last year, the business posted $1.13 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Profile

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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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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