Great Lakes Retirement Inc. Sells 139 Shares of The Procter & Gamble Company (NYSE:PG)

Great Lakes Retirement Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 8,522 shares of the company’s stock after selling 139 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Procter & Gamble were worth $1,249,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter worth $50,000. CGC Financial Services LLC purchased a new stake in shares of Procter & Gamble in the second quarter worth $55,000. VitalStone Financial LLC bought a new position in shares of Procter & Gamble during the second quarter valued at $60,000. Finally, RVW Wealth LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $77,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

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

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Stifel Nicolaus upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Barclays upped their price target on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.41.

Procter & Gamble Stock Performance

Shares of PG stock traded down $0.14 during mid-day trading on Thursday, reaching $162.47. 3,422,378 shares of the company’s stock traded hands, compared to its average volume of 6,844,717. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a market capitalization of $382.30 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The firm has a 50 day moving average price of $158.17 and a two-hundred day moving average price of $152.09.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.32%. Procter & Gamble’s payout ratio is 62.98%.

Procter & Gamble Profile

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.