The Procter & Gamble Company (NYSE:PG) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. cut its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 33,914 shares of the company’s stock after selling 86 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Procter & Gamble were worth $4,970,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $29,000. Mendota Financial Group LLC boosted its position 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 worth $44,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the second quarter worth $50,000. CGC Financial Services LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth $55,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth $60,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other 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 value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $15,618,683.28. Following the sale, 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. Over the last ninety days, insiders have sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Raymond James raised their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Wells Fargo & Company increased their price objective on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $168.41.

Check Out Our Latest Stock Report on Procter & Gamble

Procter & Gamble Price Performance

NYSE PG 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’s 50-day moving average is $159.25 and its two-hundred day moving average is $152.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The firm has a market cap of $377.82 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

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

Procter & Gamble Announces Dividend

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

Procter & Gamble Company Profile

(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.

See Also

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

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