The Procter & Gamble Company (NYSE:PG) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 25.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,635 shares of the company’s stock after selling 13,031 shares during the period. Procter & Gamble accounts for approximately 1.2% of Schnieders Capital Management LLC’s portfolio, making the stock its 24th largest holding. Schnieders Capital Management LLC’s holdings in Procter & Gamble were worth $5,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after acquiring an additional 3,159,796 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Procter & Gamble by 13,850.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock worth $402,601,000 after buying an additional 2,727,685 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock worth $473,475,000 after buying an additional 2,268,805 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth $246,412,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.6 %

PG traded up $0.96 on Tuesday, reaching $161.50. The company’s stock had a trading volume of 7,642,490 shares, compared to its average volume of 6,968,534. The stock has a market cap of $380.01 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.48. The business’s 50 day moving average is $159.32 and its 200 day moving average is $153.26.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the firm earned $1.37 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 6.53 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Raymond James upped their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Finally, Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.88.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,918 shares of company stock worth $43,323,263. 0.17% of the stock is owned by company insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.