Steel Grove Capital Advisors LLC Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Steel Grove Capital Advisors LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,895 shares of the company’s stock after selling 183 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Procter & Gamble were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Proquility Private Wealth Partners LLC increased its position in Procter & Gamble by 1.1% in the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after acquiring an additional 66 shares during the period. KFA Private Wealth Group LLC raised its position in Procter & Gamble by 2.2% in the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after acquiring an additional 67 shares in the last quarter. Chemistry Wealth Management LLC boosted its holdings in Procter & Gamble by 1.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock worth $856,000 after buying an additional 67 shares in the last quarter. Watchman Group Inc. increased its stake in Procter & Gamble by 0.4% in the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after acquiring an additional 68 shares during the period. Finally, Auxier Asset Management raised its stake in Procter & Gamble by 0.3% during the third quarter. Auxier Asset Management now owns 20,448 shares of the company’s stock worth $2,983,000 after acquiring an additional 68 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG traded down $0.29 during mid-day trading on Thursday, reaching $162.32. The company had a trading volume of 3,365,834 shares, compared to its average volume of 6,844,717. The company has a market capitalization of $381.94 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The company’s 50 day simple moving average is $158.17 and its 200 day simple moving average is $152.09. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 in the last quarter. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. UBS Group lifted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Stifel Nicolaus lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Procter & Gamble Company Profile

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.