The Procter & Gamble Company (NYSE:PG) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,052 shares of the company’s stock after selling 8,290 shares during the period. Procter & Gamble comprises about 1.9% of Ingalls & Snyder LLC’s holdings, making the stock its 9th biggest holding. Ingalls & Snyder LLC’s holdings in Procter & Gamble were worth $41,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth about $349,000. Morgan Stanley increased its position in Procter & Gamble by 5.0% in the 2nd quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock worth $4,655,181,000 after purchasing an additional 1,632,893 shares during the last quarter. Keudell Morrison Wealth Management increased its position in Procter & Gamble by 2.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 9,450 shares of the company’s stock worth $1,321,000 after purchasing an additional 219 shares during the last quarter. Center for Financial Planning Inc. increased its position in Procter & Gamble by 4.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 20,270 shares of the company’s stock worth $2,834,000 after purchasing an additional 816 shares during the last quarter. Finally, EagleClaw Capital Managment LLC increased its position in Procter & Gamble by 17.0% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 6,775 shares of the company’s stock worth $946,000 after purchasing an additional 985 shares during the last quarter. 63.64% of the stock is owned by institutional investors and hedge funds.

In related news, insider Deborah P. Majoras sold 1,927 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total transaction of $295,813.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David S. Taylor sold 60,000 shares of the firm’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the sale, the chairman now directly owns 253,933 shares of the company’s stock, valued at $41,777,057.16. The disclosure for this sale can be found here. Insiders have sold a total of 128,515 shares of company stock valued at $20,862,606 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $175.00 in a research report on Tuesday, March 22nd. Jefferies Financial Group increased their price objective on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Morgan Stanley increased their price objective on Procter & Gamble from $161.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, January 20th. Royal Bank of Canada increased their price objective on Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Thursday, January 20th. Finally, JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.47.

Shares of PG stock traded down $0.44 during mid-day trading on Tuesday, reaching $154.68. The stock had a trading volume of 6,508,134 shares, compared to its average volume of 8,177,024. The firm’s 50 day simple moving average is $155.14 and its 200 day simple moving average is $155.33. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a one year low of $131.94 and a one year high of $165.35. The firm has a market cap of $371.12 billion, a PE ratio of 26.77, a P/E/G ratio of 4.34 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a dividend of $0.9133 per share. This represents a $3.65 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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