The Procter & Gamble Company (NYSE:PG) Shares Sold by Yacktman Asset Management LP

Posted by on Apr 9th, 2023

Yacktman Asset Management LP trimmed its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,919,414 shares of the company’s stock after selling 33,837 shares during the quarter. Procter & Gamble makes up about 4.4% of Yacktman Asset Management LP’s holdings, making the stock its 4th biggest position. Yacktman Asset Management LP owned 0.12% of Procter & Gamble worth $442,466,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its position in shares of Procter & Gamble by 1.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock valued at $580,000 after acquiring an additional 69 shares in the last quarter. Calton & Associates Inc. raised its position in shares of Procter & Gamble by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $536,000 after buying an additional 71 shares during the last quarter. Bourgeon Capital Management LLC lifted its stake in shares of Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the period. Wescott Financial Advisory Group LLC boosted its position in Procter & Gamble by 0.3% during the first quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock worth $3,420,000 after acquiring an additional 72 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Procter & Gamble by 1.6% during the third quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock worth $611,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the transaction, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Susan Street Whaley sold 435 shares of the stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 2,151 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,766 shares of company stock worth $656,511. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. UBS Group upped their price objective on shares of Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. Barclays decreased their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.73.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $152.22 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90. The stock has a 50 day simple moving average of $142.13 and a 200-day simple moving average of $141.63. The company has a market cap of $359.11 billion, a PE ratio of 26.71, a P/E/G ratio of 4.25 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the company earned $1.66 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were issued a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Procter & Gamble Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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