Bellecapital International Ltd. Purchases 626 Shares of The Procter & Gamble Company (NYSE:PG)

Bellecapital International Ltd. boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,264 shares of the company’s stock after purchasing an additional 626 shares during the period. Procter & Gamble comprises about 1.5% of Bellecapital International Ltd.’s investment portfolio, making the stock its 23rd biggest position. Bellecapital International Ltd.’s holdings in Procter & Gamble were worth $8,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Procter & Gamble during the 4th quarter valued at about $19,266,000. Jones Financial Companies Lllp increased its position in Procter & Gamble by 37.9% in the 4th quarter. Jones Financial Companies Lllp now owns 532,288 shares of the company’s stock valued at $89,238,000 after acquiring an additional 146,162 shares in the last quarter. Modera Wealth Management LLC increased its position in Procter & Gamble by 0.7% in the 4th quarter. Modera Wealth Management LLC now owns 158,177 shares of the company’s stock valued at $26,518,000 after acquiring an additional 1,160 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Procter & Gamble by 56.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 6,892 shares of the company’s stock valued at $1,155,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Norden Group LLC increased its position in Procter & Gamble by 9.5% in the 4th quarter. Norden Group LLC now owns 20,319 shares of the company’s stock valued at $3,406,000 after acquiring an additional 1,769 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Piper Sandler lowered their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.11.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 1.1 %

Procter & Gamble stock opened at $173.84 on Friday. The company’s 50 day simple moving average is $166.29 and its 200 day simple moving average is $169.56. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm has a market capitalization of $407.63 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.76 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

About Procter & Gamble

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.