13,232 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Argentarii LLC

Argentarii LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, Holdings Channel reports. The firm purchased 13,232 shares of the company’s stock, valued at approximately $2,218,000. Procter & Gamble makes up approximately 1.1% of Argentarii LLC’s holdings, making the stock its 21st biggest holding.

Other large investors have also added to or reduced their stakes in the company. Strategic Advisors LLC lifted its stake in Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after purchasing an additional 1,818 shares during the last quarter. Copley Financial Group Inc. bought a new stake in Procter & Gamble during the third quarter worth $668,000. Fortem Financial Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth $569,000. Richard C. Young & CO. LTD. lifted its stake in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after purchasing an additional 2,568 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 in the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PG. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $181.11.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $176.06 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $166.85 and a two-hundred day moving average price of $169.77. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market cap of $412.84 billion, a P/E ratio of 28.04, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the business posted $1.84 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Procter & Gamble 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.