The Procter & Gamble Company (NYSE:PG) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in The Procter & Gamble Company (NYSE:PGFree Report) by 17.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,513,219 shares of the company’s stock after purchasing an additional 824,000 shares during the period. Procter & Gamble comprises 1.2% of Canada Pension Plan Investment Board’s investment portfolio, making the stock its 13th biggest position. Canada Pension Plan Investment Board owned approximately 0.23% of Procter & Gamble worth $804,158,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP boosted its holdings in shares of Procter & Gamble by 632.0% during the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after purchasing an additional 158 shares during the last quarter. Wunderlich Capital Managemnt purchased a new position in Procter & Gamble in the second quarter valued at about $40,000. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the second quarter valued at about $50,000. CGC Financial Services LLC purchased a new position in Procter & Gamble in the second quarter valued at about $55,000. Finally, VitalStone Financial LLC purchased a new position in Procter & Gamble in the second quarter valued at about $60,000. 63.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein dropped their target price on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research report on Thursday, October 12th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Truist Financial lifted their target price on Procter & Gamble from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Jefferies Financial Group started coverage on Procter & Gamble in a research note on Monday, November 13th. They set a “buy” rating and a $177.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.06.

Check Out Our Latest Report on Procter & Gamble

Procter & Gamble Stock Performance

PG stock traded down $1.06 on Thursday, reaching $158.06. The company’s stock had a trading volume of 2,627,733 shares, compared to its average volume of 8,138,112. The Procter & Gamble Company has a 52 week low of $135.83 and a 52 week high of $159.83. The company has a market capitalization of $371.92 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.24 and a beta of 0.45. The firm has a fifty day moving average of $149.84 and a two-hundred day moving average of $150.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $21.48 billion. During the same period in the prior year, the company posted $1.59 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the completion of the transaction, the chief executive officer now directly owns 5,620 shares of the company’s stock, valued at approximately $862,501.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the completion of the sale, the chief executive officer now owns 5,620 shares in the company, valued at approximately $862,501.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders sold 278,658 shares of company stock valued at $42,921,732 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

(Free Report)

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.

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

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