The Procter & Gamble Company (NYSE:PG) Holdings cut by Retirement Planning Group

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Retirement Planning Group reduced its stake in The Procter & Gamble Company (NYSE:PGGet a rating) by 25.1% in the first quarter, Participation channel reports. The institutional investor held 2,678 shares of the company after selling 898 shares during the quarter. Retirement Planning Group’s holdings in Procter & Gamble were worth $409,000 when it last filed with the SEC.

A number of other hedge funds have also recently increased or reduced their stakes in PG. Norges Bank acquired a new stake in Procter & Gamble in Q4 worth approximately $3,726,603,000. GQG Partners LLC acquired a new position in shares of Procter & Gamble during the 4th quarter at a value of $1,231,791,000. BlackRock Inc. increased its stake in Procter & Gamble shares by 1.2% during the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company worth $25,651,517,000 after purchasing an additional 1,785,863 shares in the last quarter. State Street Corp increased its stake in Procter & Gamble shares by 1.7% during the 4th quarter. State Street Corp now owns 105,458,164 shares of the company worth $17,250,846,000 after purchasing an additional 1,716,517 shares in the last quarter. Finally, Sanders Capital LLC increased its stake in Procter & Gamble shares by 22.3% during the 4th quarter. Sanders Capital LLC now owns 8,398,383 shares of the company worth $1,535,692,000 after purchasing an additional 1,532,184 shares in the last quarter. Institutional investors hold 63.64% of the company’s shares.

In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the company in a transaction dated Thursday, April 21. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the sale, the president now owns 253,933 shares of the company, valued at approximately $41,777,057.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also, CEO Mom. Fatima Francisco sold 18,000 shares of the company in a transaction dated Thursday, April 21. The shares were sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the completion of the sale, the CEO now owns 7,020 shares of the company, valued at approximately $1,151,982. Disclosure of this sale can be found here. Insiders sold a total of 108,415 shares of the company valued at $17,777,055 in the past three months. 0.51% of the shares are currently held by insiders.

NYSE:PG opened at $143.79 on Friday. The company has a 50-day moving average of $147.61 and a 200-day moving average of $153.99. The company has a market capitalization of $344.99 billion, a price/earnings ratio of 25.09, a PEG ratio of 4.08 and a beta of 0.40. The Procter & Gamble company has a 52 week low of $129.50 and a 52 week high of $165.35. The company has a debt ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PGGet a rating) last announced its quarterly results on Wednesday, April 20. The company reported earnings per share (EPS) of $1.33 for the quarter, beating the consensus estimate of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company posted revenue of $19.38 billion in the quarter, versus a consensus estimate of $18.69 billion. During the same period last year, the company posted EPS of $1.26. The company’s quarterly revenue increased 7.0% year over year. Sell-side analysts expect The Procter & Gamble Company to post EPS of 5.84 for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16. Investors of record on Friday, April 22 received a dividend of $0.9133 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents an annualized dividend of $3.65 and a yield of 2.54%. The ex-dividend date was Thursday, April 21. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.70%.

Several research analysts have recently commented on PG shares. JPMorgan Chase & Co. downgraded Procter & Gamble shares from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $181.00 to $165.00 in a note research on Wednesday, March 30. Goldman Sachs Group lowered its target price on Procter & Gamble shares from $179.00 to $173.00 in a Tuesday, March 29 research note. Credit Suisse Group raised its price target on Procter & Gamble shares from $140.00 to $150.00 and gave the company a “neutral” rating in a Thursday, April 21 research note. Truist Financial upgraded Procter & Gamble shares from a “hold” rating to a “buy” rating and raised its target price for the company from $165.00 to $175.00 in a Tuesday 22 research note. march. Finally, Wells Fargo & Company lowered its price target on Procter & Gamble stock from $180.00 to $170.00 and set an “overweight” rating on the stock in a Wednesday, May 1 research note. June. Five analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.64.

About Procter & Gamble (Get a rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.

Further reading

Want to see which other hedge funds hold PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for The Procter & Gamble Company (NYSE:PGGet a rating).

Institutional ownership by quarter for Procter & Gamble (NYSE:PG)



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