The Procter & Gamble Company (NYSE:PG) Shares Acquired by Joseph Group Capital Management

Joseph Group Capital Management raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,101 shares of the company’s stock after purchasing an additional 2,947 shares during the period. Procter & Gamble accounts for 1.7% of Joseph Group Capital Management’s portfolio, making the stock its 18th largest position. Joseph Group Capital Management’s holdings in Procter & Gamble were worth $4,376,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PG. Life Planning Partners Inc acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $15,964,000. RWA Wealth Partners LLC grew its stake in Procter & Gamble by 6.4% during the fourth quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company’s stock worth $45,587,000 after buying an additional 16,384 shares during the period. Schroder Investment Management Group increased its position in shares of Procter & Gamble by 3.1% in the fourth quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company’s stock worth $792,135,000 after acquiring an additional 142,574 shares in the last quarter. American Money Management LLC raised its stake in shares of Procter & Gamble by 14.1% in the 4th quarter. American Money Management LLC now owns 1,639 shares of the company’s stock valued at $275,000 after acquiring an additional 203 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. MV Capital Management Inc. now owns 25,200 shares of the company’s stock valued at $4,225,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.82.

Procter & Gamble Stock Down 0.5 %

Shares of NYSE:PG opened at $167.94 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company’s fifty day moving average is $168.60 and its two-hundred day moving average is $169.35. The stock has a market capitalization of $393.80 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced 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. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is currently 64.01%.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

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.