United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $503,000 in The Procter & Gamble Company (NYSE:PG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, Holdings Channel reports. The fund purchased 3,000 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors also recently bought and sold shares of PG. Berkshire Asset Management LLC PA grew its stake in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after buying an additional 2,179 shares during the last quarter. Strategic Advisors LLC grew its position in Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in Procter & Gamble in the third quarter worth $668,000. Fortem Financial Group LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $569,000. Finally, Richard C. Young & CO. LTD. boosted its stake in shares of Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after purchasing an additional 2,568 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $166.48 on Thursday. The company has a 50 day simple moving average of $168.31 and a two-hundred day simple moving average of $169.47. The stock has a market cap of $390.38 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 yield of 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PG. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

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.