The Procter & Gamble Company (NYSE:PG) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,322,587 shares of the company’s stock after selling 299,619 shares during the period. Procter & Gamble accounts for 4.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 10th largest holding. C WorldWide Group Holding A S owned 0.10% of Procter & Gamble worth $340,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. Demars Financial Group LLC grew its position in Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after buying an additional 63 shares during the period. Emerald Advisors LLC raised its position in Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares during the period. O Brien Wealth Partners LLC grew its position in shares of Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after purchasing an additional 65 shares during the period. KFA Private Wealth Group LLC raised its position in shares of Procter & Gamble by 2.2% during the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after purchasing an additional 67 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its stake in Procter & Gamble by 1.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after buying an additional 67 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,865 shares of company stock valued at $16,029,280. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $1.26 during midday trading on Friday, hitting $161.29. The company’s stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The firm has a market cap of $380.67 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.30 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm’s fifty day moving average price is $159.64 and its 200-day moving average price is $153.51.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.