Nomura Asset Management Co. Ltd. Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Nomura Asset Management Co. Ltd. lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 903,562 shares of the company’s stock after selling 33,247 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $132,408,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PG. Nixon Peabody Trust Co. grew its holdings in shares of Procter & Gamble by 608.3% during the 4th quarter. Nixon Peabody Trust Co. now owns 98,360 shares of the company’s stock worth $14,414,000 after acquiring an additional 84,474 shares during the period. Sepio Capital LP boosted its holdings in shares of Procter & Gamble by 16.9% in the fourth quarter. Sepio Capital LP now owns 2,170 shares of the company’s stock worth $318,000 after buying an additional 314 shares during the last quarter. Skopos Labs Inc. bought a new position in Procter & Gamble in the 4th quarter worth $1,980,000. FMA Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $514,000. Finally, Congress Wealth Management LLC DE lifted its stake in shares of Procter & Gamble by 8.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 136,300 shares of the company’s stock valued at $19,974,000 after buying an additional 10,324 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PG. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Jefferies Financial Group boosted their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Insider Activity

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,320 shares of company stock valued at $25,535,744. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 0.1 %

Shares of PG stock traded down $0.14 during trading on Friday, reaching $165.35. The company’s stock had a trading volume of 3,818,270 shares, compared to its average volume of 6,647,756. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.54. The stock’s 50-day moving average price is $161.75 and its 200 day moving average price is $155.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market capitalization of $390.25 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 3.41 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the business posted $1.37 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble 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.