Metis Global Partners LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Metis Global Partners LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 15.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 115,039 shares of the company’s stock after acquiring an additional 15,599 shares during the quarter. Procter & Gamble makes up 0.7% of Metis Global Partners LLC’s holdings, making the stock its 23rd largest holding. Metis Global Partners LLC’s holdings in Procter & Gamble were worth $16,858,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PG. Demars Financial Group LLC boosted its stake in shares of Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after buying an additional 63 shares during the last quarter. Emerald Advisors LLC boosted its position in Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after purchasing an additional 65 shares in the last quarter. O Brien Wealth Partners LLC grew its stake in shares of Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after purchasing an additional 65 shares during the period. Mechanics Financial Corp increased its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after purchasing an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC lifted its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock valued at $461,000 after purchasing an additional 66 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. UBS Group upped their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,586,483.10. The disclosure for this sale can be found here. Insiders have sold 86,865 shares of company stock valued at $14,059,180 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG stock traded up $0.62 during mid-day trading on Friday, reaching $164.46. The company’s stock had a trading volume of 5,581,692 shares, compared to its average volume of 6,941,715. The stock has a market cap of $388.15 billion, a PE ratio of 26.87, a P/E/G ratio of 3.34 and a beta of 0.43. The company’s 50 day moving average is $160.01 and its two-hundred day moving average is $154.25. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.71. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted 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 firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. Equities research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

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.