The Procter & Gamble Company (NYSE:PG) Stock Position Decreased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,177 shares of the company’s stock after selling 30,030 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Procter & Gamble were worth $31,380,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Topsail Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $2,219,000. Keyvantage Wealth LLC bought a new stake in Procter & Gamble during the fourth quarter worth approximately $434,000. Hancock Whitney Corp grew its holdings in Procter & Gamble by 2.1% during the fourth quarter. Hancock Whitney Corp now owns 111,222 shares of the company’s stock valued at $18,646,000 after purchasing an additional 2,243 shares during the last quarter. Empire Financial Management Company LLC raised its position in shares of Procter & Gamble by 8.9% in the fourth quarter. Empire Financial Management Company LLC now owns 24,424 shares of the company’s stock valued at $4,095,000 after purchasing an additional 2,000 shares during the period. Finally, Guardian Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 0.7% in the fourth quarter. Guardian Wealth Management Inc. now owns 15,282 shares of the company’s stock worth $2,562,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.9 %

Shares of NYSE:PG opened at $161.04 on Friday. The company’s fifty day moving average is $168.16 and its 200-day moving average is $168.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a market capitalization of $377.61 billion, a PE ratio of 25.64, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. During the same quarter last year, the firm earned $1.52 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Raymond James dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Piper Sandler restated an “underperform” rating on shares of Procter & Gamble in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.79.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.