Hyman Charles D Reduces Position in The Procter & Gamble Company (NYSE:PG)

Hyman Charles D lowered its stake in The Procter & Gamble Company (NYSE:PG) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,027 shares of the company’s stock after selling 691 shares during the period. Procter & Gamble accounts for 1.6% of Hyman Charles D’s holdings, making the stock its 19th biggest position. Hyman Charles D’s holdings in Procter & Gamble were worth $27,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $33,000. MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $33,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction dated 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 transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 140,112 shares of company stock worth $22,841,321 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG traded down $0.71 on Wednesday, reaching $165.05. The stock had a trading volume of 4,579,411 shares, compared to its average volume of 6,870,830. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market cap of $389.54 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The business’s 50-day moving average price is $160.23 and its 200 day moving average price is $154.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $166.37.

Procter & Gamble (NYSE:PG) last posted 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. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the business posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

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.