Hoese & Co LLP Sells 100 Shares of The Procter & Gamble Company (NYSE:PG)

Hoese & Co LLP cut its holdings in The Procter & Gamble Company (NYSE:PG) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,035 shares of the company’s stock after selling 100 shares during the quarter. Hoese & Co LLP’s holdings in Procter & Gamble were worth $174,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble during the 3rd quarter valued at $33,000. Costello Asset Management INC increased its position in Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in shares of Procter & Gamble in the second quarter valued at $58,000. Mendota Financial Group LLC lifted its holdings in shares of Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after acquiring an additional 138 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Procter & Gamble by 138.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after purchasing an additional 233 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,447 shares of company stock valued at $12,978,820. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Stifel Nicolaus dropped their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a report on Friday, January 17th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Finally, UBS Group lowered their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Procter & Gamble Price Performance

NYSE PG opened at $161.77 on Wednesday. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The firm’s fifty day simple moving average is $169.09 and its two-hundred day simple moving average is $169.44. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $380.96 billion, a P/E ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45.

Procter & Gamble Announces Dividend

The firm also recently declared 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. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Procter & Gamble Company Profile

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.