Mirador Capital Partners LP Has $1.14 Million Position in The Procter & Gamble Company (NYSE:PG)

Mirador Capital Partners LP reduced its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,436 shares of the company’s stock after selling 197 shares during the period. Mirador Capital Partners LP’s holdings in Procter & Gamble were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at about $3,726,603,000. GQG Partners LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $1,231,791,000. Assenagon Asset Management S.A. boosted its position in Procter & Gamble by 330.5% in the first quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock valued at $515,242,000 after buying an additional 2,588,640 shares in the last quarter. BlackRock Inc. boosted its position in Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after buying an additional 1,785,863 shares in the last quarter. Finally, State Street Corp boosted its position in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after buying an additional 1,716,517 shares in the last quarter. 63.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group dropped their target price on shares of Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Finally, Truist Financial dropped their target price on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Monday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.51% of the company’s stock.

Procter & Gamble Trading Down 0.7 %

PG opened at $141.95 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The company has a market cap of $340.58 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.31 and a beta of 0.36. The firm has a 50 day simple moving average of $143.02 and a 200 day simple moving average of $151.29. The Procter & Gamble Company has a fifty-two week low of $129.50 and a fifty-two week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be paid a $0.913 dividend. This represents a $3.65 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s payout ratio is presently 62.82%.

Procter & Gamble Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.