The Procter & Gamble Company (NYSE:PG) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,805 shares of the company’s stock after buying an additional 2,237 shares during the period. First Manhattan CO. LLC.’s holdings in Procter & Gamble were worth $43,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Cladis Investment Advisory LLC lifted its stake in Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. grew its position in shares of Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA grew its holdings in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after purchasing an additional 1,818 shares during the period. Finally, Richard C. Young & CO. LTD. lifted its stake in Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after buying an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 0.4 %

Procter & Gamble stock opened at $158.63 on Friday. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. 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 firm has a market capitalization of $371.91 billion, a P/E ratio of 25.26, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a 50-day simple moving average of $166.23 and a 200-day simple moving average of $167.65.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Analyst Ratings Changes

PG has been the topic of a number of research reports. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.52.

Procter & Gamble Profile

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.