The Procter & Gamble Company (NYSE:PG) Stock Position Decreased by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,814 shares of the company’s stock after selling 76 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Procter & Gamble were worth $2,024,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares in the last quarter. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $3,752,321,000. Morgan Stanley lifted its holdings in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Barclays PLC lifted its holdings in shares of Procter & Gamble by 118.1% in the second quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after purchasing an additional 3,429,929 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after purchasing an additional 3,159,796 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.33 during midday trading on Thursday, hitting $157.29. The company’s stock had a trading volume of 7,343,564 shares, compared to its average volume of 6,858,717. The stock has a market capitalization of $370.11 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.19 and a beta of 0.44. The stock’s 50 day simple moving average is $159.16 and its 200 day simple moving average is $152.80. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64.

Procter & Gamble (NYSE:PG) last issued 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 company had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock valued at $43,187,745 over the last three months. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group increased their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Wells Fargo & Company increased their price objective on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.53.

About Procter & Gamble

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.