Guinness Asset Management LTD Raises Stake in The Procter & Gamble Company (NYSE:PG)

Guinness Asset Management LTD lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,247,990 shares of the company’s stock after acquiring an additional 62,048 shares during the period. Procter & Gamble accounts for approximately 3.9% of Guinness Asset Management LTD’s portfolio, making the stock its 12th biggest position. Guinness Asset Management LTD owned about 0.05% of Procter & Gamble worth $209,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $33,000. Costello Asset Management INC lifted its position in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after buying an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in Procter & Gamble during the second quarter worth about $58,000. Mendota Financial Group LLC raised its stake in shares of Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Procter & Gamble by 138.7% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,447 shares of company stock worth $12,978,820 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. UBS Group cut their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.65.

Procter & Gamble Stock Up 0.4 %

PG stock opened at $161.77 on Wednesday. The company’s 50 day moving average is $169.09 and its two-hundred day moving average is $169.44. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $380.96 billion, a P/E ratio of 27.89, a PEG ratio of 3.63 and a beta of 0.45.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

About Procter & Gamble

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.