SP Asset Management LLC Sells 153 Shares of The Procter & Gamble Company (NYSE:PG)

SP Asset Management LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,980 shares of the company’s stock after selling 153 shares during the period. SP Asset Management LLC’s holdings in Procter & Gamble were worth $6,703,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB lifted its position in Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock valued at $260,432,000 after purchasing an additional 56,583 shares during the last quarter. Howard Capital Management Group LLC raised 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 valued at $1,442,000 after buying an additional 82 shares during the last quarter. HMS Capital Management LLC increased its position in shares of Procter & Gamble by 1.6% in the third quarter. HMS Capital Management LLC now owns 10,395 shares of the company’s stock valued at $1,800,000 after acquiring an additional 165 shares during the period. Balentine LLC raised its stake in shares of Procter & Gamble by 11.2% during the third quarter. Balentine LLC now owns 13,859 shares of the company’s stock valued at $2,400,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Procter & Gamble by 0.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 15,989 shares of the company’s stock worth $2,769,000 after purchasing an additional 86 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.0 %

Shares of Procter & Gamble stock opened at $174.83 on Thursday. The company has a 50-day simple moving average of $166.64 and a two-hundred day simple moving average of $169.69. The stock has a market capitalization of $409.95 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week 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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm’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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on 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 directly owns 172,814 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PG. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.11.

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.