The Procter & Gamble Company (NYSE:PG) Shares Sold by Stone House Investment Management LLC

Stone House Investment Management LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 195,635 shares of the company’s stock after selling 9,559 shares during the period. Procter & Gamble accounts for about 9.9% of Stone House Investment Management LLC’s portfolio, making the stock its 3rd largest position. Stone House Investment Management LLC’s holdings in Procter & Gamble were worth $28,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $29,000. Mendota Financial Group LLC raised its stake 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. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the second quarter valued at about $50,000. Morton Brown Family Wealth LLC increased its holdings in shares of Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after acquiring an additional 281 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Procter & Gamble by 49.7% in the fourth quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after acquiring an additional 151 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.75 during midday trading on Wednesday, reaching $156.70. 4,018,975 shares of the company’s stock were exchanged, compared to its average volume of 6,813,979. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The stock’s 50-day simple moving average is $159.20 and its 200 day simple moving average is $152.77. The firm has a market cap of $368.72 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same period in the previous year, the firm earned $1.59 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.57%. Procter & Gamble’s payout ratio is presently 62.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of several research analyst reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Barclays boosted their target price on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $168.53.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.