The Procter & Gamble Company (NYSE:PG) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,765 shares of the company’s stock after selling 7,235 shares during the quarter. Procter & Gamble makes up approximately 0.8% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 28th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Procter & Gamble were worth $15,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PG. National Pension Service boosted its stake in Procter & Gamble by 5.3% in the fourth quarter. National Pension Service now owns 4,533,281 shares of the company’s stock valued at $760,005,000 after acquiring an additional 228,204 shares during the period. DMKC Advisory Services LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $1,894,000. Weil Company Inc. boosted its holdings in shares of Procter & Gamble by 1.9% during the fourth quarter. Weil Company Inc. now owns 5,322 shares of the company’s stock valued at $892,000 after acquiring an additional 97 shares during the period. Advisor OS LLC increased its holdings in shares of Procter & Gamble by 5.6% in the 4th quarter. Advisor OS LLC now owns 23,050 shares of the company’s stock worth $3,864,000 after acquiring an additional 1,214 shares during the period. Finally, Lake Street Advisors Group LLC lifted its position in Procter & Gamble by 2.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 18,940 shares of the company’s stock valued at $3,175,000 after purchasing an additional 493 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 1.3 %

Procter & Gamble stock opened at $172.70 on Wednesday. The company has a market capitalization of $404.95 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The firm’s fifty day simple moving average is $166.07 and its 200-day simple moving average is $169.46. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

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 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Analysts Set New Price Targets

Several brokerages have commented on PG. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. 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. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler decreased 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. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $180.42.

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.