The Procter & Gamble Company (NYSE:PG) Shares Purchased by Jag Capital Management LLC

Jag Capital Management LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,649 shares of the company’s stock after purchasing an additional 183 shares during the period. Jag Capital Management LLC’s holdings in Procter & Gamble were worth $4,635,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PG. Horan Capital Advisors LLC. raised its position in shares of Procter & Gamble by 2.0% in the fourth quarter. Horan Capital Advisors LLC. now owns 23,839 shares of the company’s stock valued at $3,997,000 after buying an additional 463 shares during the last quarter. Alley Investment Management Company LLC grew its holdings in shares of Procter & Gamble by 3.4% in the fourth quarter. Alley Investment Management Company LLC now owns 63,596 shares of the company’s stock valued at $10,662,000 after purchasing an additional 2,071 shares during the period. Exencial Wealth Advisors LLC boosted its stake in Procter & Gamble by 1.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 16,023 shares of the company’s stock worth $2,686,000 after buying an additional 236 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Procter & Gamble by 71.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 996,675 shares of the company’s stock worth $167,093,000 after buying an additional 416,872 shares during the period. Finally, Synergy Investment Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $170,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Piper Sandler reduced their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Stock Up 1.0 %

Shares of NYSE:PG opened at $175.50 on Tuesday. The stock has a market capitalization of $411.52 billion, a P/E ratio of 27.95, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The stock has a 50-day simple moving average of $166.44 and a 200-day simple moving average of $169.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the business earned $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.