Ensign Peak Advisors Inc Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Ensign Peak Advisors Inc raised its holdings in The Procter & Gamble Company (NYSE:PG) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,701,975 shares of the company’s stock after purchasing an additional 241,517 shares during the quarter. Procter & Gamble accounts for about 0.8% of Ensign Peak Advisors Inc’s holdings, making the stock its 18th biggest position. Ensign Peak Advisors Inc owned approximately 0.12% of Procter & Gamble worth $452,986,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after purchasing an additional 608,168 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company’s stock valued at $1,855,000 after purchasing an additional 139 shares in the last quarter. First Hawaiian Bank grew its position in shares of Procter & Gamble by 1.8% in the fourth quarter. First Hawaiian Bank now owns 8,426 shares of the company’s stock valued at $1,413,000 after purchasing an additional 147 shares during the last quarter. ORG Partners LLC raised its position in shares of Procter & Gamble by 5.6% during the 4th quarter. ORG Partners LLC now owns 5,618 shares of the company’s stock worth $943,000 after purchasing an additional 300 shares during the last quarter. Finally, Avondale Wealth Management grew its holdings in Procter & Gamble by 64.1% during the 4th quarter. Avondale Wealth Management now owns 3,200 shares of the company’s stock valued at $536,000 after buying an additional 1,250 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 in the last three months. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.4 %

PG stock opened at $158.63 on Friday. 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 company has a market capitalization of $371.91 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company’s 50-day simple moving average is $166.23 and its 200 day simple moving average is $167.65.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Truist Financial cut their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Raymond James cut their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $178.52.

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.