Dupont Capital Management Corp Purchases Shares of 105,638 The Procter & Gamble Company (NYSE:PG)

Dupont Capital Management Corp purchased a new stake in The Procter & Gamble Company (NYSE:PGFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,638 shares of the company’s stock, valued at approximately $15,480,000. Procter & Gamble comprises about 1.4% of Dupont Capital Management Corp’s investment portfolio, making the stock its 19th largest position.

Other large investors have also modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC boosted its holdings in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the second quarter worth $50,000. CGC Financial Services LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $55,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $60,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PG shares. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Wells Fargo & Company increased their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays increased their price target on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Royal Bank of Canada increased their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.41.

Get Our Latest Stock Analysis on PG

Procter & Gamble Trading Down 0.0 %

Shares of PG stock opened at $160.57 on Wednesday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The stock has a market cap of $377.82 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.28 and a beta of 0.44. The business has a fifty day simple moving average of $159.25 and a 200-day simple moving average of $152.32. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter last year, the business posted $1.59 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by corporate insiders.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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