Procter & Gamble Company (The) $PG Shares Sold by Diligent Investors LLC

Diligent Investors LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,004 shares of the company’s stock after selling 3,883 shares during the period. Diligent Investors LLC’s holdings in Procter & Gamble were worth $1,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank increased its position in Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after buying an additional 21,825 shares during the period. Westerkirk Capital Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $4,796,000. Vega Investment Solutions boosted its holdings in shares of Procter & Gamble by 1.3% in the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after acquiring an additional 8,500 shares during the period. Triodos Investment Management BV grew its position in shares of Procter & Gamble by 7.3% during the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the transaction, the insider directly owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. This represents a 5.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last 90 days. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $150.57 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a market cap of $349.91 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.37. The firm’s fifty day moving average price is $153.32 and its 200 day moving average price is $151.03. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is currently 62.52%.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.