Lindenwold Advisors INC Sells 240 Shares of The Procter & Gamble Company (NYSE:PG)

Lindenwold Advisors INC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,067 shares of the company’s stock after selling 240 shares during the quarter. Procter & Gamble accounts for about 1.3% of Lindenwold Advisors INC’s portfolio, making the stock its 22nd largest position. Lindenwold Advisors INC’s holdings in Procter & Gamble were worth $2,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB boosted its stake in shares of Procter & Gamble by 3.9% in the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock valued at $260,432,000 after purchasing an additional 56,583 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after purchasing an additional 82 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after acquiring an additional 608,168 shares in the last quarter. United Bank boosted its stake in Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after acquiring an additional 219 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Procter & Gamble by 23.5% during the third quarter. Thrivent Financial for Lutherans now owns 314,900 shares of the company’s stock worth $54,541,000 after acquiring an additional 59,886 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Piper Sandler lowered their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Stock Down 1.2 %

Shares of NYSE PG opened at $167.66 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm’s fifty day moving average is $167.58 and its 200 day moving average is $169.78. The company has a market cap of $393.14 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.