Townsquare Capital LLC Purchases 13,836 Shares of The Procter & Gamble Company (NYSE:PG)

Townsquare Capital LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 132,662 shares of the company’s stock after buying an additional 13,836 shares during the quarter. Townsquare Capital LLC’s holdings in Procter & Gamble were worth $22,241,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock worth $1,442,000 after purchasing an additional 82 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after acquiring an additional 608,168 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in Procter & Gamble during the third quarter valued at approximately $201,000. Invst LLC increased its holdings in Procter & Gamble by 0.7% during the 3rd quarter. Invst LLC now owns 15,889 shares of the company’s stock worth $2,752,000 after acquiring an additional 103 shares during the period. Finally, Virtu Financial LLC bought a new position in Procter & Gamble in the 3rd quarter valued at $1,632,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday. Truist Financial lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. 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’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $181.50.

Procter & Gamble Price Performance

PG opened at $166.96 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $168.35 and its 200 day simple moving average is $168.62. The firm has a market cap of $391.50 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.76 and a beta of 0.43. 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 issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the business earned $1.84 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.53%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble’s dividend payout ratio is 67.20%.

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.