Holocene Advisors LP Purchases 1,035,030 Shares of Procter & Gamble Company (The) $PG

Holocene Advisors LP lifted its position in Procter & Gamble Company (The) (NYSE:PG) by 78.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,355,693 shares of the company’s stock after purchasing an additional 1,035,030 shares during the quarter. Procter & Gamble accounts for 0.8% of Holocene Advisors LP’s portfolio, making the stock its 17th largest position. Holocene Advisors LP’s holdings in Procter & Gamble were worth $361,952,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $25,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $34,000. Marquette Asset Management LLC acquired a new position in Procter & Gamble in the third quarter worth about $37,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Procter & Gamble in the third quarter worth about $40,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the transaction, the chief executive officer directly owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at $2,026,158.09. The trade was a 50.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $150.57 on Monday. The stock has a market capitalization of $349.91 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 5.04 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The firm has a 50 day moving average of $153.32 and a 200-day moving average of $150.96.

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

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Piper Sandler initiated coverage on Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price for the company. Rothschild & Co Redburn upped their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Procter & Gamble Profile

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.