Donaldson Capital Management LLC Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Donaldson Capital Management LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,246 shares of the company’s stock after selling 2,385 shares during the quarter. Donaldson Capital Management LLC’s holdings in Procter & Gamble were worth $1,941,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $29,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the 2nd quarter worth $50,000. Morton Brown Family Wealth LLC increased its stake in Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares during the period. Finally, Activest Wealth Management increased its stake in Procter & Gamble by 49.7% during the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.12 during midday trading on Monday, reaching $155.45. 5,666,169 shares of the stock traded hands, compared to its average volume of 6,864,547. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $159.32 and a two-hundred day moving average price of $152.63. The firm has a market cap of $365.78 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is 62.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several analyst reports. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays boosted their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

About Procter & Gamble

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.