Todd Asset Management LLC Sells 118 Shares of The Procter & Gamble Company (NYSE:PG)

Todd Asset Management LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,136 shares of the company’s stock after selling 118 shares during the period. Todd Asset Management LLC’s holdings in Procter & Gamble were worth $606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PG. Cerity Partners LLC raised its stake in 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 buying an additional 3,159,796 shares during the period. Wellington Management Group LLP lifted its position in shares of Procter & Gamble by 9.4% in the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Procter & Gamble by 13,850.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock valued at $402,601,000 after buying an additional 2,727,685 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Procter & Gamble by 235.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock valued at $473,475,000 after buying an additional 2,268,805 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $246,412,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.4 %

NYSE:PG traded up $0.62 on Friday, reaching $164.46. 5,581,692 shares of the stock traded hands, compared to its average volume of 6,941,715. The firm has a market capitalization of $388.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.33 and a beta of 0.43. The company’s 50 day moving average is $160.01 and its 200-day moving average is $154.17. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.71.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. 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 2.45%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,865 shares of company stock worth $14,059,180. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Profile

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.