The Procter & Gamble Company (NYSE:PG) Stake Decreased by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,902 shares of the company’s stock after selling 272 shares during the quarter. Acropolis Investment Management LLC’s holdings in Procter & Gamble were worth $654,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC increased its holdings in shares of Procter & Gamble by 3.4% during the fourth quarter. Meridian Financial Partners LLC now owns 12,596 shares of the company’s stock valued at $2,112,000 after purchasing an additional 414 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Procter & Gamble by 47.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 25,322 shares of the company’s stock valued at $4,245,000 after buying an additional 8,100 shares during the period. Park Avenue Securities LLC raised its position in shares of Procter & Gamble by 15.0% during the 4th quarter. Park Avenue Securities LLC now owns 86,154 shares of the company’s stock worth $14,444,000 after buying an additional 11,233 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Procter & Gamble by 7.9% in the 4th quarter. Kathmere Capital Management LLC now owns 19,762 shares of the company’s stock worth $3,313,000 after acquiring an additional 1,443 shares during the period. Finally, San Luis Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 5.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 2,665 shares of the company’s stock valued at $447,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $159.75 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $376.22 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a 50 day simple moving average of $169.40 and a 200-day simple moving average of $169.52. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on PG shares. Wells Fargo & Company dropped their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $179.75.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 in the last three months. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.