Mn Services Vermogensbeheer B.V. Has $130.16 Million Stake in Procter & Gamble Company (The) $PG

Mn Services Vermogensbeheer B.V. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,209 shares of the company’s stock after buying an additional 19,582 shares during the period. Procter & Gamble accounts for approximately 0.8% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 19th biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Procter & Gamble were worth $130,155,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $25,000. Saranac Partners Ltd bought a new stake in Procter & Gamble during the third quarter worth approximately $30,000. Corundum Trust Company INC acquired a new position in Procter & Gamble during the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in shares of Procter & Gamble in the third quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC bought a new position in shares of Procter & Gamble in the third quarter valued at approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.4%

Shares of PG stock opened at $144.76 on Tuesday. The firm has a market capitalization of $336.43 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The firm’s fifty day simple moving average is $153.93 and its 200 day simple moving average is $149.97. 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 (NYSE:PG) last issued 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. The firm had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Insider Activity

In related news, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value 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 represents a 34.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 348,618 shares of company stock valued at $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Piper Sandler assumed coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Barclays set a $155.00 target price on shares of Procter & Gamble in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating for the company in a report on Monday. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. Finally, Rothschild & Co Redburn lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $167.83.

Procter & Gamble Company 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.