Desjardins Global Asset Management Inc. Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Desjardins Global Asset Management Inc. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,771 shares of the company’s stock after selling 5,143 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Procter & Gamble were worth $3,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Dfpg Investments LLC lifted its holdings in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after purchasing an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in shares of Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after purchasing an additional 260 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 14.6% in the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after purchasing an additional 12,016 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after purchasing an additional 131,339 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Procter & Gamble by 105.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock valued at $8,699,000 after purchasing an additional 30,473 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Finally, The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.53.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.7 %

PG traded up $1.15 during trading hours on Tuesday, reaching $156.60. 2,998,581 shares of the stock traded hands, compared to its average volume of 6,810,309. The firm’s fifty day simple moving average is $159.27 and its two-hundred day simple moving average is $152.70. The company has a market cap of $368.48 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. 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:PG) last announced 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 during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Procter & Gamble Profile

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.