Crew Capital Management Ltd. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Crew Capital Management Ltd. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,484 shares of the company’s stock after selling 567 shares during the quarter. Procter & Gamble makes up 6.3% of Crew Capital Management Ltd.’s holdings, making the stock its 2nd biggest holding. Crew Capital Management Ltd.’s holdings in Procter & Gamble were worth $6,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altrius Capital Management Inc grew its stake in shares of Procter & Gamble by 1.4% in the fourth quarter. Altrius Capital Management Inc now owns 24,127 shares of the company’s stock worth $3,536,000 after purchasing an additional 331 shares during the last quarter. Intrust Bank NA grew its stake in shares of Procter & Gamble by 0.4% in the fourth quarter. Intrust Bank NA now owns 20,024 shares of the company’s stock worth $2,934,000 after purchasing an additional 87 shares during the last quarter. EWA LLC grew its stake in shares of Procter & Gamble by 16.2% in the fourth quarter. EWA LLC now owns 2,040 shares of the company’s stock worth $323,000 after purchasing an additional 285 shares during the last quarter. Eagle Ridge Investment Management grew its stake in shares of Procter & Gamble by 17.0% in the fourth quarter. Eagle Ridge Investment Management now owns 12,256 shares of the company’s stock worth $1,796,000 after purchasing an additional 1,785 shares during the last quarter. Finally, Naviter Wealth LLC grew its stake in shares of Procter & Gamble by 23.2% in the fourth quarter. Naviter Wealth LLC now owns 15,683 shares of the company’s stock worth $2,298,000 after purchasing an additional 2,957 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PG. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Argus upped their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group upped their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Insider Activity

In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders sold 55,865 shares of company stock valued at $9,009,280 in the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.2 %

Shares of PG traded up $0.37 on Monday, reaching $161.66. The company’s stock had a trading volume of 4,622,118 shares, compared to its average volume of 6,928,548. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $381.54 billion, a PE ratio of 26.29, a PEG ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32. The firm has a fifty day moving average of $159.64 and a 200-day moving average of $153.65.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Equities analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Procter & Gamble Profile

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.