MassMutual Private Wealth & Trust FSB Has $37.01 Million Holdings in Procter & Gamble Company (The) $PG

MassMutual Private Wealth & Trust FSB lessened its position in Procter & Gamble Company (The) (NYSE:PG) by 9.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 258,273 shares of the company’s stock after selling 26,512 shares during the quarter. Procter & Gamble makes up about 1.0% of MassMutual Private Wealth & Trust FSB’s holdings, making the stock its 25th biggest holding. MassMutual Private Wealth & Trust FSB’s holdings in Procter & Gamble were worth $37,013,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $25,000. Saranac Partners Ltd purchased a new stake in Procter & Gamble in the 3rd quarter worth about $30,000. Corundum Trust Company INC purchased a new stake in Procter & Gamble in the 3rd quarter worth about $32,000. Caitlin John LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth about $34,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the completion of the sale, the insider owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This trade represents a 50.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,618 shares of company stock worth $55,462,643 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.3%

Procter & Gamble stock opened at $144.41 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80. The firm’s fifty day simple moving average is $154.07 and its 200-day simple moving average is $150.68. The company has a market capitalization of $335.61 billion, a P/E ratio of 21.39, a P/E/G ratio of 4.82 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PG shares. UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Rothschild & Co Redburn lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Piper Sandler initiated coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.