Sandhill Capital Partners LLC Sells 2,909 Shares of The Procter & Gamble Company (NYSE:PG)

Sandhill Capital Partners LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,084 shares of the company’s stock after selling 2,909 shares during the period. Procter & Gamble comprises about 0.5% of Sandhill Capital Partners LLC’s portfolio, making the stock its 28th biggest position. Sandhill Capital Partners LLC’s holdings in Procter & Gamble were worth $5,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $33,000. Mendota Financial Group LLC lifted its holdings in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the period. Finally, Morton Brown Family Wealth LLC lifted its holdings in Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PG shares. Stifel Nicolaus lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Argus boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently 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 company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value 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 $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 100,865 shares of company stock valued at $16,029,280 over the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

PG traded down $0.05 during midday trading on Thursday, reaching $162.55. 7,093,838 shares of the company were exchanged, compared to its average volume of 6,973,202. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The company’s fifty day moving average price is $159.46 and its 200 day moving average price is $153.32. The company has a market cap of $383.64 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 33.91% and a net margin of 18.00%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. As a group, analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Procter & Gamble Company 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.