Procter & Gamble Company (The) $PG Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 50.9% during the third quarter, Holdings Channel reports. The institutional investor owned 74,710 shares of the company’s stock after selling 77,601 shares during the period. Brevan Howard Capital Management LP’s holdings in Procter & Gamble were worth $11,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble during the third quarter worth approximately $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Caitlin John LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth $37,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Procter & Gamble in the third quarter valued at $40,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. BNP Paribas Exane dropped their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. Piper Sandler started coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target on the stock. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.33.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the sale, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This trade represents a 34.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 in the last ninety days. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.0%

PG opened at $150.57 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $174.80. The business has a 50 day moving average price of $153.32 and a two-hundred day moving average price of $151.00. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The company has a market cap of $349.91 billion, a PE ratio of 22.31, a P/E/G ratio of 5.04 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.