Jmac Enterprises LLC Decreases Holdings in Procter & Gamble Company (The) $PG

Jmac Enterprises LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 59.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,157 shares of the company’s stock after selling 4,700 shares during the quarter. Jmac Enterprises LLC’s holdings in Procter & Gamble were worth $452,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Rathbones Group PLC increased its position in shares of Procter & Gamble by 6.2% during the 4th quarter. Rathbones Group PLC now owns 1,499,627 shares of the company’s stock valued at $214,912,000 after purchasing an additional 87,615 shares during the last quarter. Quilter Plc grew its stake in shares of Procter & Gamble by 0.3% during the 4th quarter. Quilter Plc now owns 23,466 shares of the company’s stock worth $3,363,000 after acquiring an additional 74 shares during the period. Capital Management Associates Inc grew its stake in shares of Procter & Gamble by 23.8% during the 4th quarter. Capital Management Associates Inc now owns 4,478 shares of the company’s stock worth $647,000 after acquiring an additional 860 shares during the period. AJ Advisors LLC grew its stake in shares of Procter & Gamble by 9.0% during the 4th quarter. AJ Advisors LLC now owns 1,744 shares of the company’s stock worth $250,000 after acquiring an additional 144 shares during the period. Finally, Buffalo Business & Estate Services Ltd. bought a new position in shares of Procter & Gamble during the 4th quarter worth $224,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PG shares. Barclays set a $155.00 price target on Procter & Gamble in a research note on Friday, January 16th. TD Cowen cut their price target on Procter & Gamble from $156.00 to $142.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. BNP Paribas Exane cut their price target on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Finally, Piper Sandler started coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $167.06.

Procter & Gamble Stock Down 0.3%

Shares of NYSE PG opened at $142.74 on Tuesday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $171.65. The business has a 50-day simple moving average of $153.43 and a two-hundred day simple moving average of $149.46. 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 has a market cap of $331.73 billion, a P/E ratio of 21.15, a P/E/G ratio of 5.04 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 EPS 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 business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter last year, the company earned $1.88 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.52%.

Insiders Place Their Bets

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. 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 quarter. Insiders own 0.20% of the company’s stock.

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.