Van Lanschot Kempen Investment Management N.V. Cuts Position in The Procter & Gamble Company (NYSE:PG)

Van Lanschot Kempen Investment Management N.V. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 240,358 shares of the company’s stock after selling 21,338 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Procter & Gamble were worth $40,296,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its stake in Procter & Gamble by 6.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 494,279 shares of the company’s stock worth $82,876,000 after purchasing an additional 31,319 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Procter & Gamble by 49.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 181,799 shares of the company’s stock valued at $30,479,000 after buying an additional 59,881 shares during the period. Transce3nd LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $371,000. Trajan Wealth LLC boosted its holdings in Procter & Gamble by 13.5% in the fourth quarter. Trajan Wealth LLC now owns 70,309 shares of the company’s stock valued at $11,787,000 after purchasing an additional 8,389 shares during the period. Finally, Landing Point Financial Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $269,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % 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 Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. 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 insiders.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $170.59 on Monday. The firm has a market cap of $400.01 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The firm’s 50-day simple moving average is $168.39 and its 200-day simple moving average is $168.47. The Procter & Gamble Company has a twelve month low of $156.69 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 67.20%.

Analysts Set New Price Targets

PG has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Truist Financial upped their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Finally, Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.50.

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.