Chesley Taft & Associates LLC Raises Stock Position in Procter & Gamble Company (The) $PG

Chesley Taft & Associates LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,769 shares of the company’s stock after purchasing an additional 3,790 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Procter & Gamble were worth $6,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its stake in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC boosted its holdings in Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after purchasing an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. grew its stake in Procter & Gamble by 2.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,809 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the sale, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock valued at $55,462,643 in the last quarter. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.2%

NYSE:PG opened at $142.76 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The stock has a market cap of $331.78 billion, a P/E ratio of 21.15, a P/E/G ratio of 4.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock has a 50-day simple moving average of $153.93 and a 200-day simple moving average of $150.12.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.52%.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. UBS Group boosted their price objective on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $168.33.

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Procter & Gamble Company Profile

(Free Report)

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.

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

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