Arjuna Capital Has $2.41 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Arjuna Capital trimmed its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 52.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,485 shares of the company’s stock after selling 17,971 shares during the quarter. Arjuna Capital’s holdings in Procter & Gamble were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP boosted its holdings in Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after acquiring an additional 158 shares during the last quarter. Wunderlich Capital Managemnt purchased a new position in Procter & Gamble during the 2nd quarter worth $40,000. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $50,000. CGC Financial Services LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $55,000. Finally, VitalStone Financial LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $60,000. 63.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. DZ Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target on the stock in a report on Friday, October 20th. Royal Bank of Canada boosted their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Barclays boosted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Finally, Truist Financial upped their price objective on shares of Procter & Gamble from $155.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $167.06.

View Our Latest Research Report on PG

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now directly owns 24,438 shares in the company, valued at $3,750,499.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the completion of the sale, the chief executive officer now owns 24,438 shares of the company’s stock, valued at $3,750,499.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders have sold 278,658 shares of company stock worth $42,921,732 over the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG traded down $1.37 during midday trading on Monday, hitting $156.05. 574,469 shares of the company traded hands, compared to its average volume of 7,925,218. The stock has a 50-day moving average of $150.04 and a 200-day moving average of $150.86. The Procter & Gamble Company has a one year low of $136.10 and a one year high of $159.83. The firm has a market cap of $367.19 billion, a P/E ratio of 26.37, a PEG ratio of 3.21 and a beta of 0.45. 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 posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Procter & Gamble Company 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.

Further Reading

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

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