Goldstream Capital Management Ltd Decreases Holdings in The Procter & Gamble Company (NYSE:PG)

Goldstream Capital Management Ltd lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 59.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,026 shares of the company’s stock after selling 2,982 shares during the period. Procter & Gamble comprises about 0.1% of Goldstream Capital Management Ltd’s holdings, making the stock its 29th biggest position. Goldstream Capital Management Ltd’s holdings in Procter & Gamble were worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewSquare Capital LLC raised its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Hoey Investments Inc. boosted its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Atlantic Private Wealth LLC boosted its stake in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $38,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $170.59 on Monday. The Procter & Gamble Company has a twelve month low of $156.69 and a twelve month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $168.39 and its 200 day moving average price is $168.47. The company has a market capitalization of $400.01 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PG shares. Piper Sandler dropped 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. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Truist Financial boosted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.50.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Company 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.