Procter & Gamble Company (The) $PG Stake Lowered by Sanders Capital LLC

Sanders Capital LLC cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,809,969 shares of the company’s stock after selling 253,890 shares during the period. Procter & Gamble accounts for about 1.3% of Sanders Capital LLC’s investment portfolio, making the stock its 26th largest position. Sanders Capital LLC owned approximately 0.29% of Procter & Gamble worth $1,046,352,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PG. Piper Sandler began coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target for the company. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $150.57 on Friday. The business’s 50-day simple moving average is $153.32 and its 200 day simple moving average is $151.03. 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 stock has a market cap of $349.91 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 5.03 and a beta of 0.37. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $174.80.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business posted $1.88 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s payout ratio is 62.52%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. 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 stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the completion of the transaction, the insider directly owned 12,639 shares in the company, valued at approximately $2,026,158.09. This trade represents a 50.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. 0.20% of the stock is owned by insiders.

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.