Massachusetts Financial Services Co. MA Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Massachusetts Financial Services Co. MA lowered its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 316,907 shares of the company’s stock after selling 5,060 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Procter & Gamble were worth $46,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP grew its position in Procter & Gamble by 632.0% in the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after acquiring an additional 158 shares in the last quarter. Wunderlich Capital Managemnt purchased a new position in Procter & Gamble in the second quarter worth about $40,000. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter worth about $50,000. CGC Financial Services LLC bought a new stake in Procter & Gamble in the second quarter worth about $55,000. Finally, VitalStone Financial LLC bought a new stake in Procter & Gamble in the second quarter worth about $60,000. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PG shares. Barclays raised their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Truist Financial lifted their price target on shares of Procter & Gamble from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Raymond James lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.06.

View Our Latest Analysis on PG

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 31,275 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the transaction, the chief operating officer now owns 9,623 shares of the company’s stock, valued at $1,490,602.70. The disclosure for this sale can be found here. Insiders sold 278,658 shares of company stock worth $42,921,732 over the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $158.64 on Friday. The firm has a market capitalization of $373.28 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $159.83. The company’s fifty day moving average price is $149.95 and its 200-day moving average price is $150.87.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. On average, equities research analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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