The Procter & Gamble Company (NYSE:PG) Shares Sold by White Pine Capital LLC

White Pine Capital LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,831 shares of the company’s stock after selling 985 shares during the quarter. White Pine Capital LLC’s holdings in Procter & Gamble were worth $1,294,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Investment Partners LTD. increased its stake in shares of Procter & Gamble by 27.1% in the fourth quarter. Investment Partners LTD. now owns 10,866 shares of the company’s stock valued at $1,592,000 after purchasing an additional 2,317 shares during the period. Stuart Chaussee & Associates Inc. increased its stake in shares of Procter & Gamble by 3.9% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 4,262 shares of the company’s stock valued at $625,000 after purchasing an additional 161 shares during the period. Addison Advisors LLC increased its stake in shares of Procter & Gamble by 19.2% in the fourth quarter. Addison Advisors LLC now owns 7,516 shares of the company’s stock valued at $1,101,000 after purchasing an additional 1,209 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $1,190,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Procter & Gamble by 33.7% in the fourth quarter. Citizens Financial Group Inc. RI now owns 473,542 shares of the company’s stock valued at $69,393,000 after purchasing an additional 119,406 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG traded down $1.26 during trading hours on Friday, reaching $161.29. 5,659,784 shares of the company’s stock were exchanged, compared to its average volume of 6,820,118. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $380.67 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $164.32. The business’s 50-day simple moving average is $159.64 and its two-hundred day simple moving average is $153.51.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble 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 value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Procter & Gamble 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 value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $151,788. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,865 shares of company stock worth $16,029,280. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. UBS Group increased 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. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.76.

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.