Procter & Gamble Company (The) $PG Stock Position Reduced by World Equity Group Inc.

World Equity Group Inc. trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 29.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,317 shares of the company’s stock after selling 3,484 shares during the period. World Equity Group Inc.’s holdings in Procter & Gamble were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stokes Capital Advisors LLC boosted its holdings in Procter & Gamble by 19.3% in the fourth quarter. Stokes Capital Advisors LLC now owns 62,077 shares of the company’s stock worth $8,896,000 after purchasing an additional 10,021 shares during the period. Central Valley Advisors LLC raised its holdings in shares of Procter & Gamble by 4.3% during the fourth quarter. Central Valley Advisors LLC now owns 3,977 shares of the company’s stock worth $570,000 after purchasing an additional 164 shares during the period. Heartwood Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 5.8% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 10,715 shares of the company’s stock worth $1,536,000 after buying an additional 589 shares during the last quarter. Czech National Bank boosted its holdings in shares of Procter & Gamble by 3.6% in the 4th quarter. Czech National Bank now owns 616,162 shares of the company’s stock valued at $88,302,000 after buying an additional 21,248 shares during the period. Finally, First Bank & Trust boosted its holdings in shares of Procter & Gamble by 6.0% in the 4th quarter. First Bank & Trust now owns 1,744 shares of the company’s stock valued at $250,000 after buying an additional 99 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the sale, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock worth $55,462,643 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the topic of several research reports. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective on the stock. Rothschild & Co Redburn lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Trading Up 0.4%

Shares of NYSE:PG opened at $143.80 on Thursday. 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 company’s 50-day moving average price is $154.01 and its 200 day moving average price is $150.36. The company has a market cap of $334.18 billion, a PE ratio of 21.30, a P/E/G ratio of 4.79 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.52%.

About Procter & Gamble

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.