Carderock Capital Management Inc. Invests $297,000 in The Procter & Gamble Company (NYSE:PG)

Carderock Capital Management Inc. acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,770 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Fiera Capital Corp increased its holdings in shares of Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after purchasing an additional 19,013 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Procter & Gamble by 9.3% in the 2nd quarter. Pacer Advisors Inc. now owns 222,592 shares of the company’s stock worth $36,710,000 after acquiring an additional 18,855 shares during the last quarter. Sei Investments Co. boosted its position in shares of Procter & Gamble by 3.6% during the 2nd quarter. Sei Investments Co. now owns 852,073 shares of the company’s stock valued at $140,517,000 after acquiring an additional 29,746 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Procter & Gamble by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 56,081 shares of the company’s stock valued at $9,249,000 after purchasing an additional 764 shares during the period. Finally, Kiely Wealth Advisory Group Inc. increased its position in Procter & Gamble by 12.3% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 1,808 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several analyst reports. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.65.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE:PG opened at $161.35 on Friday. The company has a market cap of $379.98 billion, a PE ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The company’s 50 day moving average is $169.19 and its two-hundred day moving average is $169.38. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the firm earned $1.83 earnings per share. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

About Procter & Gamble

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.