Tokio Marine Asset Management Co. Ltd. Acquires 2,676 Shares of The Procter & Gamble Company (NYSE:PG)

Tokio Marine Asset Management Co. Ltd. grew its position in The Procter & Gamble Company (NYSE:PG) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,241 shares of the company’s stock after purchasing an additional 2,676 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $7,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Naples Money Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter worth about $33,000. Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its stake in Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,140 shares of company stock valued at $20,873,777. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG traded up $1.08 during trading on Wednesday, reaching $162.58. The stock had a trading volume of 7,216,558 shares, compared to its average volume of 6,971,658. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $159.46 and a two-hundred day moving average of $153.32. The firm has a market capitalization of $383.71 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.54 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Finally, Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.88.

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.