Machina Capital S.A.S. Has $789,000 Holdings in The Procter & Gamble Company (NYSE:PG)

Machina Capital S.A.S. increased its stake in The Procter & Gamble Company (NYSE:PG) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,387 shares of the company’s stock after buying an additional 1,187 shares during the quarter. Machina Capital S.A.S.’s holdings in Procter & Gamble were worth $789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Wyrmwood Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $33,000. MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $33,000. Finally, Mendota Financial Group LLC increased its position in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the transaction, the chief operating officer now owns 9,739 shares in the company, valued at approximately $1,605,961.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,724 shares of company stock valued at $19,312,729. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Trading Up 0.8 %

Shares of PG stock traded up $1.32 during trading hours on Tuesday, hitting $165.76. 6,432,622 shares of the company’s stock traded hands, compared to its average volume of 6,896,202. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $166.04. The stock has a market cap of $391.22 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The stock’s 50 day simple moving average is $160.10 and its 200 day simple moving average is $154.37.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the business earned $1.37 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PG. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Company 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.