Mirabaud Asset Management Ltd Sells 895 Shares of The Procter & Gamble Company (NYSE:PG)

Mirabaud Asset Management Ltd lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,632 shares of the company’s stock after selling 895 shares during the quarter. Procter & Gamble makes up about 0.9% of Mirabaud Asset Management Ltd’s portfolio, making the stock its 29th biggest position. Mirabaud Asset Management Ltd’s holdings in Procter & Gamble were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ilmarinen Mutual Pension Insurance Co lifted its position in Procter & Gamble by 107.1% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 290,000 shares of the company’s stock valued at $48,619,000 after acquiring an additional 150,000 shares during the last quarter. Rahlfs Capital LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $462,000. Hurley Capital LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $142,000. Wedbush Securities Inc. boosted its position in shares of Procter & Gamble by 10.1% in the 4th quarter. Wedbush Securities Inc. now owns 70,313 shares of the company’s stock worth $11,788,000 after purchasing an additional 6,456 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Procter & Gamble by 0.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,130,358 shares of the company’s stock worth $524,805,000 after buying an additional 11,076 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value 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 approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $163.73 on Friday. The company has a market capitalization of $383.92 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company’s fifty day moving average price is $169.17 and its 200 day moving average price is $169.20. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year 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, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. On average, research analysts predict 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 given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped 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 report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Truist Financial upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $182.00.

Procter & Gamble 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.