The Procter & Gamble Company (NYSE:PG) Shares Purchased by StoneX Group Inc.

StoneX Group Inc. boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 58.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 57,026 shares of the company’s stock after purchasing an additional 21,114 shares during the quarter. Procter & Gamble accounts for about 0.6% of StoneX Group Inc.’s portfolio, making the stock its 27th biggest position. StoneX Group Inc.’s holdings in Procter & Gamble were worth $9,560,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PG. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. boosted its position in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter worth about $34,000. Atlantic Private Wealth LLC raised its holdings in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. purchased a new stake in Procter & Gamble during the fourth quarter valued at about $38,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PG shares. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 1.5 %

PG stock opened at $170.49 on Tuesday. The firm has a market cap of $399.78 billion, a PE ratio of 27.15, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a fifty day simple moving average of $168.79 and a 200 day simple moving average of $169.29. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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 company had revenue of $21.88 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 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.