Tocqueville Asset Management L.P. Sells 10,536 Shares of The Procter & Gamble Company (NYSE:PG)

Tocqueville Asset Management L.P. cut its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 384,539 shares of the company’s stock after selling 10,536 shares during the quarter. Procter & Gamble accounts for about 1.1% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 18th biggest holding. Tocqueville Asset Management L.P.’s holdings in Procter & Gamble were worth $56,089,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PG. Moneta Group Investment Advisors LLC increased its position in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $3,752,321,000. Morgan Stanley boosted its holdings in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Procter & Gamble by 742.9% in the second quarter. Fisher Asset Management LLC now owns 4,862,949 shares of the company’s stock valued at $737,904,000 after buying an additional 4,285,986 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Procter & Gamble during the second quarter worth $685,677,000. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.63 during trading on Monday, reaching $156.79. 1,411,349 shares of the company’s stock were exchanged, compared to its average volume of 7,952,432. 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 has a market cap of $368.93 billion, a P/E ratio of 26.37, a PEG ratio of 3.21 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $136.10 and a 1-year high of $159.83. The firm’s 50-day moving average price is $150.04 and its 200 day moving average price is $150.86.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same period last year, the company earned $1.59 EPS. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.9407 per share. The ex-dividend date is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s payout ratio is currently 62.98%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PG shares. Barclays boosted their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Truist Financial upped their price objective on Procter & Gamble from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Jefferies Financial Group started coverage on Procter & Gamble in a research note on Monday, November 13th. They issued a “buy” rating and a $177.00 price target on the stock. Finally, DZ Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.06.

Check Out Our Latest Stock Report on PG

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 6,575 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the completion of the sale, the chief executive officer now directly owns 5,620 shares of the company’s stock, valued at approximately $862,501.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,658 shares of company stock valued at $42,921,732. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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