RS Crum Inc. Sells 78 Shares of The Procter & Gamble Company (NYSE:PG)

RS Crum Inc. lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,012 shares of the company’s stock after selling 78 shares during the period. RS Crum Inc.’s holdings in Procter & Gamble were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SlateStone Wealth LLC grew its position in Procter & Gamble by 3.8% in the fourth quarter. SlateStone Wealth LLC now owns 47,197 shares of the company’s stock valued at $7,913,000 after acquiring an additional 1,722 shares during the last quarter. GWN Securities Inc. bought a new position in Procter & Gamble in the fourth quarter valued at about $3,127,000. Van Hulzen Asset Management LLC grew its position in Procter & Gamble by 658.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 120,258 shares of the company’s stock valued at $20,161,000 after acquiring an additional 104,395 shares during the last quarter. Glenview Trust co grew its position in Procter & Gamble by 0.9% in the fourth quarter. Glenview Trust co now owns 301,750 shares of the company’s stock valued at $50,588,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its holdings in shares of Procter & Gamble by 1.2% during the fourth quarter. Patten & Patten Inc. TN now owns 27,987 shares of the company’s stock worth $4,692,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the 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 owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on PG shares. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.47.

Procter & Gamble Trading Down 0.2 %

Shares of Procter & Gamble stock opened at $168.20 on Friday. The stock has a fifty day simple moving average of $167.27 and a 200 day simple moving average of $169.81. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a market capitalization of $394.39 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Company 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.